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NMRC 2025 CSR Initiative: 40 Young Nigerians Trained, Secondary School Renovated

17

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

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
Annual General Meeting (AGM) 2025 Documents...
  • Articles
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....
  • Articles
  • 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
JAN
2013
Incorporation of NMRC

CBN issues regulatory framework for NMRC
Constitution of NMRC’s Board
Negotiation of $250million World Bank –International Development Agency (IDA) Loan
1st equity issuance of N7.7bn

JAN
2014
Official Launch of NMRC

Received the 1st tranche of World Bank IDA loan
Published the Uniform Underwriting Standard

JAN
2015
Executed the FGN Guarantee Agreement

Obtained final operational license from CBN
Received 2nd Tranche of World Bank Loan
Successfully Issued N8bn 15-year NMRC Bond
Commenced refinancing of mortgages

JAN
2016
Designed a fully customized internet-based Mortgage Market System.
JAN
2017
Signed MOUs with several states on the Mortgage Administration Law (MAL), formerly Model Mortgage and Foreclosure Law (MMFL)

The first MMFL was passed (in Kaduna State)
2nd equity issuance of N0.94bn

JAN
2018
Successfully issued an N11bn 15-year NMRC bond

Received the 3rd tranche of World Bank –IDA loan.
Launched Uniform Underwriting Standard (UUS) for the informal sector
2nd equity issuance of N0.94bn

JAN
2020

Successfully issued a N10bn 7-year NMRC Bond
Received CBN approval to refinance non-member banks

JAN
2022

Received CBN approval to increase mortgage refinancing limit to N200million from N50million

JAN
2024

Secured a development assistance loan of $200mn from US Development Finance Corporation

2013
2014
2015
2016
2017
2018
2020
2022
2024
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