Our objective is to bring Nigerians Affordable Housing.
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NMRC has =N=13.19 Billion Tier 1 Capital
Our objectives is to bring Nigerians Affordable Housing
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NMRC & MBAN: NMRC joined other stakeholders and operators in the Mortgage subsector to appeal for regulatory-induced fiscal and monetary measures that would stimulate the sub-sector towards sustainable development. NMRC and other stakeholders under the aegis of the Mortgage Banking Association of Nigeria, made the call in a seven-page communiqué after 2020 end of years Chief Executive Officers retreat in Lagos. The association plans to engage the CBN on specific modalities required to facilitate policy implementation, monitoring and impact assessment. Stakeholders also implored the CBN to fast-track implementation of the Mortgage Interest Draw-Back Programme (MIDP), together with other policy measures that would moderate the cost of funds to single digit, on a consistent and sustainable basis.
Abbey Mortgage Bank Right Issue: Abbey Mortgage Bank in December 2020 hit a historic milestone in the lifecycle of Abbey with a Rights Issue of N3.69Bn. The rights issue is part of the recapitalization plan being undertaken as part of the long-term strategic plan to strengthen the position of Abbey, which will put the Company in a good position to harness the opportunities in the Mortgage subsector as economic activities continue to improve with the heightened need of housing finance products and services in the country.
EU provides Housing in Northern Nigeria: The European Union (EU) and Mercy Corps have handed over 325 permanent shelters to Internally Displaced Person (IDP) households in the Gwoza Council Area of Borno State. The provision of shelters is part of Borno ‘Maida’ Early Recovery (BMER) programme that targets victims of Boko Haram insurgency.
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