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SHEHU OSIDI

The Federal Mortgage Bank of Nigeria (FMBN) raised housing loan approvals to N71.5 billion in 2024, up from...
The Federal Mortgage Bank of Nigeria (FMBN) says it has released an additional N46.9 billion in funding for the Renewed Hope City projects in Karsana, located in the Federal Capital Territory, and Ibeju Lekki, Lagos.  
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.