About Us


CEO’s Message

Welcome,
Nigeria Mortgage Refinance Company (NMRC) was licensed on February 18, 2015 with the objective to bring Nigerians affordable housing.

Our key role is mortgage refinance which we do by raising funds from the capital markets for the mortgage industry in Nigeria through our participating mortgage banks, so more Nigerians can own their own homes. Please click on ‘Refinancing Steps’ to learn the refinancing process.

Yours sincerely,
Prof. Charles Inyangete

About Us

The Nigeria Mortgage Refinance Company (NMRC) is a private sector-driven mortgage refinancing company with the public purpose of promoting home ownership for Nigerians while deepening the primary and secondary mortgage markets. Its vision is to be the dominant housing partner in Nigeria, with a mission to break down barriers to home ownership by providing liquidity, affordability, accessibility and stability to the housing market in Nigeria.

NMRC raises long term funds from the capital market, to enhance access to affordable housing finance in Nigeria. NMRC was incorporated on 24th June 2013 and obtained its final operating license from the Central Bank of Nigeria on 18th February 2015.

In July 2015, NMRC successfully issued a 15-year N8 billion Series 1 Bond under its N140 billion medium term Note Programme, backed by an unconditional Federal Government of Nigeria guarantee. This is being deployed to the refinancing of the mortgage portfolio of member Primary Mortgage Banks (PMBs).

Our Vision
To be the dominant housing partner in Nigeria
Our Mission
To remove barriers to home ownership, provide liquidity, affordability, accessibility and stability to the housing market in Nigeria
Business Pillars
4 I's
I- Integrity
I- Innovation
I- Inclusion
I- Identity
Core Values
FACTEC
F- Fairness
A- Accountability
C- Competence
T- Teamwork
E -Effectiveness
C- Commitment
Business Objectives
1. To encourage financial institutions to increase their mortgage lending by providing them with long term funding.

2. To increase the maturity structure of mortgage loans and assist to reduce mortgage rates.

3. To increase the efficiency of mortgage lending by taking a lead role in proposing changes to the enabling environment for mortgage lending as well as by standardising mortgage lending practices of financial institutions. and

4. To introduce a new class of high quality long-term assets to the pension funds and other investors