Buhari appoints Hamman Madu as Managing Director of FMBN, reconstitute board

President Muhammadu Buhari has appointed a Managing Director, Executive Directors and reconstitution of the board of the Federal Mortgage Bank ...

FMBN gets a new Acting Managing Director

by Chike Olisah

April 9, 2022

Mr Kabir Yagboyaju has formally assumed duty as the Acting Managing Director of the Federal Mortgage Bank of Nigeria (FMBN).

Fire outbreak at FMBN head office in Abuja contained

FMBN says it has recorded N294 billion NHF additional contributions in 5 years

by Chike Olisah

April 7, 2022

FMBN has revealed that the National Housing Fund (NHF) has increased by N294 billion as additional contributions within the last ...

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

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

by Chidi Emenike

December 3, 2020

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$