Tag
FMBN
News and analysis about Federal Mortgage Bank of Nigeria
The Federal Mortgage Bank of Nigeria (FMBN) is struggling with undercapitalization, a major hurdle preventing it from effectively financing affordable housing, says Managing Director Shehu Osidi.
The Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa has proposed that 20-30% of funding for housing estates in Nigeria be allocated to cross-subsidization, with the goal of making homeownership more accessible to low-income Nigerians.
The Federal Mortgage Bank of Nigeria (FMBN) has secured a N100 billion Offtaker Guarantee to support the development of the Karsana Renewed Hope City in Abuja.
President Bola Tinubu has appointed Oyetunde Ojo as the new Managing Director and Chief Executive Officer of the Federal Housing Authority (FHA) and Mr Shehu Osiris as the new Managing Director and Chief Executive Officer of the Federal Mortgage Bank of Nigeria (FMBN).
Mr Babatunde Fashola, the Minister of Works and Housing has said that one of the major obstacles to housing delivery in Nigeria is access to mortgage finance.
The Federal Mortgage Bank (FMBN) has announced it is set to launch a diaspora housing scheme, in partnership with the Nigerian in Diaspora Commission (NiDCOM).
The FMBN has revealed that between 1992 and 2022, the sum of N394.575 billion has been disbursed to beneficiaries.
The FMBN has explained the reasons for the inconsistencies in the accounts of the NHF for workers or subscribers to the funds.
Abbey Mortgage Bank appoints Mobolaji Adewumi as acting MD following the appointment of the outgoing MD as the new MD FMBN.
President Muhammadu Buhari has appointed a Managing Director, Executive Directors and reconstitution of the board of the Federal Mortgage Bank of Nigeria (FMBN).
Mr Kabir Yagboyaju has formally assumed duty as the Acting Managing Director of the Federal Mortgage Bank of Nigeria (FMBN).
FMBN has revealed that the National Housing Fund (NHF) has increased by N294 billion as additional contributions within the last 5 years.