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Making Home Ownership More Accessible to Nigerians
Supporting financial institutions, delivering affordable housing finance, and strengthening the mortgage market to expand homeownership.
What We Do
Affordable Homeownership through Mortgage Refinancing.
Supporting housing finance institutions & making homeownership affordable through Mortgage Refinancing
What We Do
Making Home Ownership More Accessible to Nigerians
Supporting financial institutions, delivering affordable housing finance, and strengthening the mortgage market to expand homeownership.
What We Do

ABOUT THE COMPANY

Our business is centered around creating a sustainable & inclusive housing finance ecosystem.

The Nigeria Mortgage Refinance Company (NMRC) is a private sector-driven mortgage liquidity facility with the public purpose of promoting home ownership for Nigerians while deepening the primary and secondary mortgage markets.

About Us
About Us
Issued from the local debt capital markets
BILLION
N 0
Deployed to finance mortgage portfolios of mortgage lenders
BILLION
N 0
Attracted Loan commitment from
World bank IDA
MILLION
$ 0

How We Work

NMRC operates on a Public-Private Partnership (PPP) model that leverages collaboration with stakeholders, including:

Government Institutions
Mortgage & 
Financial Institutions
Investors

Government Institutions

NMRC engages with a broad network of government stakeholders, including but not limited to the following:

  • Central Bank of Nigeria
    The CBN regulates and supervises NMRC as a non-deposit taking financial institution, ensuring our operations comply with Nigeria’s banking and financial sector regulations.
  • Securities and Exchange Commission (SEC)
    SEC oversees NMRC’s bond issuances in the Nigerian capital market. Before any bond issuance, we obtain SEC approval and meet all disclosure, rating, and investor protection requirements, ensuring transparency and trust.
  • The Federal of Ministry of Finance and Nigeria Sovereign Investment Authority Both institutions are major shareholders in NMRC. The FMF provides NMRC with guarantees making mortgage refinancing more accessible. Partnerships with relevant ministries, departments and agencies, helps to strengthen Nigeria’s mortgage and housing finance system.
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Mortgage and Financial Institutions

We work closely with Primary Mortgage Banks (PMBs) and commercial banks, who are our main partners in refinancing. These institutions originate mortgage loans for homebuyers and then present qualifying mortgage portfolios to NMRC. In return, we provide them with long-term funding. This allows them to free up capital, create more loans, and help more Nigerians own their homes.
We work closely with Primary Mortgage Banks (PMBs) and commercial banks, who are our main partners in refinancing. These institutions originate mortgage loans for homebuyers and then present qualifying mortgage portfolios to NMRC. In return, we provide them with long-term funding. This allows them to free up capital, create more loans, and help more Nigerians own their homes.

Investors

Our work is supported by investors who provide long-term funding through our bond programmes. These bonds are issued in the capital market and backed by our mortgage-refinancing operations, by raising funds from investors and using them to refinance eligible mortgage portfolios of partner institutions. Our strong government backing and regulatory oversight give investors confidence in the transparency and creditworthiness of NMRC.
Our work is supported by investors who provide long-term funding through our bond programmes. These bonds are issued in the capital market and backed by our mortgage-refinancing operations, by raising funds from investors and using them to refinance eligible mortgage portfolios of partner institutions. Our strong government backing and regulatory oversight give investors confidence in the transparency and creditworthiness of NMRC.

WHAT WE DO

We make homeownership more affordable by offering mortgage refinancing.

Breaking the barriers to home ownership by providing liquidity, affordability, accessibility and stability to the housing market in Nigeria.

WHAT WE DO

We make homeownership more affordable by offering mortgage refinancing.

Breaking the barriers to home ownership by providing liquidity, affordability, accessibility and stability to the housing market in Nigeria.

Mortgage Standardization

As part of our commitment to promote global best practices across Nigeria’s housing and mortgage finance ecosystem, we are driving the adoption of standardised operational frameworks that enhance trust, efficiency, and risk management within the industry.

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NMRC issue bonds by aggregating mortgage portfolios of commercial banks and mortgage lending institution for investors in the Capital Market to buy through its N440bn FGN guaranteed Bond Issuance Program.

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At NMRC, we recognize that a well-functioning housing market is essential to attracting investment into Nigeria’s housing sector and driving sustainable homeownership.

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NMRC leverages technology and business process innovation as pivotal tools for building a modern housing finance market for Nigeria. In line with the mandate to remove barriers to homeownership and build a sustainable culture of efficiency in the Nigerian housing market,…

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OUR IMPACT

Real Stories, Real Impact

Hear how we’ve helped families and institutions
achieve their housing goals.

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NMRC CSR Testimonials 2024
NMRC CSR DOCUMENTARY 2023
NMRC CSR Testimonials 2020
A Decade of Impact, a Future of Excellence
Our Origin, Our Compass 2014
NEWS & UPDATES

Media Center

Hear how we’ve helped families and
institutions achieve their housing goals.

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Annual General Meeting (AGM) 2025 Documents

14

NMRC Secures $200 million in funding from the U.S. International Development Finance Corporation for Affordable Mortgage Financing as part of a $228 million Blended Financing Transaction Arranged by MiDA Advisors and Stanbic IBTC Capital, a member of Standard Bank Group.

26

  • Sep
  • 2024

Press release AGM 2024

06

  • Jun
  • 2024

Annual General Meeting (AGM) 2025 Documents

14

  • Oct
  • 2025

NMRC Secures $200 million in funding from the U.S. International Development Finance Corporation for Affordable Mortgage Financing as part of a $228 million Blended Financing Transaction Arranged by MiDA Advisors and Stanbic IBTC Capital, a member of Standard Bank Group.

26

  • Sep
  • 2024
  • July 4, 2023
NMRC Explains: What is in Your Monthly Mortgage Payment?
  • June 6, 2023
Taking a Mortgage Enhances Cashflow for Other Investments
  • May 8, 2023
How to Determine How Much House You Can Afford

FINANCIAL HIGHLIGHTS

Investor Relations

Our impact speaks louder than words

FINANCIAL HIGHLIGHTS

Investor Relations

Our impact speaks louder than words

  • 2025-11-20
  • Lagos
West Africa Property Investment (WAPI) SUMMIT #6
Taking place live from Lagos on 18& 19 November, the annual WAPI Summit is an in-person and global virtual experience.
API Events

Organizer

  • 2025-08-29
  • Johannesburg
West Africa Property Investment (WAPI) SUMMIT #5
Taking place live from Lagos on 18& 19 November, the annual WAPI Summit is an in-person and global virtual experience.
API Events

Organizer

  • 2025-09-24
  • Kenya
West Africa Property Investment (WAPI) SUMMIT #4
Taking place live from Lagos on 18& 19 November, the annual WAPI Summit is an in-person and global virtual experience.
API Events

Organizer

  • 2025-10-22
  • Johannesburg
West Africa Property Investment (WAPI) SUMMIT #3
Taking place live from Lagos on 18& 19 November, the annual WAPI Summit is an in-person and global virtual experience.
API Events

Organizer

  • 2025-09-11
  • Lagos
West Africa Property Investment (WAPI) SUMMIT #2
Taking place live from Lagos on 18& 19 November, the annual WAPI Summit is an in-person and global virtual experience.
API Events

Organizer

  • Johannesburg
West Africa Property Investment (WAPI) SUMMIT
Taking place live from Lagos on 18& 19 November, the annual WAPI Summit is an in-person and global virtual experience.
API Events

Organizer

Calculate
Your
Mortgage

Estimate what you can afford with NMRC’s 
Mortgage Calculator 


Annual Reports

How NMRC provides liquidity to mortgage lenders.

Awards &
Recognition

Corporate
Governance
Credit
Ratings

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