FEC okays FMBN’s request to purchase banking application software for N487.39 million

FG approves N6.28 billion for 24-month repair works on Third Mainland Bridge

The FEC has approved the request made by the FMBN to purchase core banking application software from FINTAX at about ...

$NCC, MDA, SEEPCO, local content laws, CBN Cashless Policy: Reps eye policy reversal, court Emiefele approval , Lawmakers tackle Finance Minister over failed CCTV project worth $460 million , Former Ghanaian President, Mahama begs Buhari to open border Former President of Ghana, John Mahama has appealed to President Muhammadu Buhari to open up its borders saying that Ghana has been heavily affected by Nigeria’s decision to close its borders. Mahama said that for economic activities to resume in West Africa, Nigeria needs to reconsider its decision on the total border closure. He made this plea while delivering the seventh anniversary lecture of investiture into The Realnews Hall of Fame and the unveiling of a book, titled: Pathways to Political and Economic Development of Africa. According to the former president as reported in The Nation, the closure of especially the Benin border, was taking a significant toll on many small and medium businesses, especially in Togo, Ghana and Cote D’Ivoire, which relied on inter-country trade. “I am sure that businesses in Nigeria that rely on supplies from these countries are also suffering. With the signing of the joint border task force agreement between Nigeria and her neighbours, I will like to take this opportunity to appeal to Nigeria to open up her border so that economic activities can resume,” Mahama said. While reacting to the shut down of shops owned by Nigerians by the Ghana Union of Traders’ Association (GUTA) as retaliation to the border closure, Mahama said; “Back home in Ghana, I also look forward to our government’s intervention that brings an immediate cessation to the forceful and illegal closure of shops of foreigners, especially Nigerians, by members of the local trade associations”. Mahama who is a former Chairman of the Economic Community of West Africa States (ECOWAS) spoke on how he still has an abiding interest in the progress of ECOWAS and its people. In this light, he said that Nigeria being the home of ECOWAS and the largest economy in West Africa should not allow the objective principles for establishment of ECOWAS to be lost. Meanwhile, the Vice Chancellor of Niger Delta University, Bayelsa State, Prof. Samuel Edoumiekumo, advised President Muhammadu Buhari not to yield to pressure to reopen the borders. Edoumiekumo who was also present at the lecture said President Buhari should remain firm in his resolve to ensure economic growth and the country’s development as the border closure will generate more revenue for the nation and tackle smuggling., Nigerians are enraged as lawmakers reject Innoson cars for latest Toyota Camry , FMBN ex-MD ordered to refund his salary, submit FMBN accounts over infractions$

FMBN’s former boss ordered to submit 5-year financial statements in 48 hours

by Fakoyejo Olalekan

March 11, 2020

The immediate past MD of FMBN, Richard Esin, has been given a 48-hour ultimatum to present the bank's five-year financial statements, ...

Housing Deficit: Recapitalize bank to N500 billion, FMBN tells FG, FMBN has no money to provide workers affordable housing , National Housing Fund Disbursements Hit N265Billion -FMBN

FMBN has low capital base – MD

by Fakoyejo Olalekan

December 9, 2019

The FMBN does not have a strong capital base and this is affecting the availability of low-cost housing in Nigeria.

Housing: Tackling Nigeria’s huge housing deficit

by CSL Stockbrokers

November 4, 2019

Recently, Babatunde Fashola disclosed that the Federal Government is currently constructing affordable homes in 34 states of the federation.

Why Nigeria should start taxing vacant houses – UN 

by Chidinma Nwagbara

September 25, 2019

The United Nations (UN) has advised the Nigerian Government to start taxing vacant houses in the country.

Platinum eyes N10bn share capital in one year

by Joseph Olaoluwa

September 3, 2019

Platinum eyes N10bn share capital in one year

28,363 beneficiaries get FMBN's N23.3bn Home Renovation Loans

Beneficiaries get N23.3bn Home Renovation Loans from FMBN

by Damilare Famuyiwa

May 20, 2019

The Federal Mortgage Bank of Nigeria (FMBN), has disbursed N23.3 billion under its Home Renovation Loans window to 28,363 beneficiaries.

Tag: Federal Mortgage Bank of Nigeria