The Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Monday said that the Nigerian Mortgage Refinancing Company had met the World Bank condition for the drawdown of $250m (N40bn) International Development Association’s grant. The minister, who said this while speaking at a housing stakeholders’ implementation summit in Abuja, noted that the […]
Mortgages
Nigeria needs 2.0 trillion Naira to Address its Mortgage Problem-Chike-Obi
By Peter OBIORA InvestAdvocate Lagos INVESTADVOCATE)- Mustafa Chike Obi, the managing director asset management corporation of Nigeria (AMCON) Tuesday said Nigeria needs about 2 trillion naira to address its mortgage problem. Chike Obi said this in Lagos Nigeria as a guest lecturer at the Hallmark Public Policy Forum ‘’ Emerging […]
Nigeria Mortgage Refinance Company: What You Need To Know
NMRC was established to bridge the funding cost of residential mortgages and promote the availability as well as the affordability of good housing to Nigerians by providing increased liquidity in the mortgage market though the mortgage and commercial banks. The company is driven by substantial private sector participation consisting of […]
