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Tag: Mortgage

Nigeria requires 550,000 housing units annually to tackle shortage, says Minister
Housing

Nigerians in diaspora tap state-backed mortgage loans

Nigerians in diaspora have joined home seekers and developers to tap opportunities in mortgage loans offered by the state-backed but private sector-led Ministry of Finance Incorporated Real Estate Fund. MREIF is a home loan facility designed to tackle challenges in the housing sector by addressing both supply and demand constraints faced by developers and home […]

LivingTrust Mortgage Bank repays DBN N950m loan
Business

LivingTrust Mortgage Bank repays DBN N950m loan

LivingTrust Mortgage Bank Plc has repaid a N950 million MSMEs grant to the Development Bank of Nigeria two months earlier than the planned date. The PUNCH reported that DBN disbursed the N950 million MSMEs fund to the bank on March 1, 2021, for a 36-month term, with the facility set to expire on March 1, […]

AG Mortgage completes first tranche of N2bn fundraising
Business

AG Mortgage completes first tranche of N2bn fundraising

A major primary mortgage institution licensed by the Central Bank of Nigeria, AG Mortgage Bank PLC, has announced that the first tranche of its N2 billion Tier 2 capital issuance has been completed. According to The PUNCH, this was accomplished through the use of its Special Purpose Vehicle, AG Funding SPV Limited. The bank statement revealed that […]

PenCom workers permitted to use pension for mortgage
News

PenCom workers permitted to use pension for mortgage

The National Pension Commission has started giving workers permission to use 25% of their Retirement Savings Accounts for mortgage. According to The PUNCH, this was disclosed by the agency on Friday via a press statement titled, ‘PenCom approves guidelines on accessing Retirement Savings Account balance, for payment of equity contribution for residential mortgage by RSA […]

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