July 26th, 2019, 8:45 Pm, Federal Capital Territory, Abuja Nigeria
In recognition of its market innovation with respect to housing market information and data, the Nigeria Mortgage Refinance Company Plc (“NMRC”) received the 2019 prestigious Nigeria Housing Awards for Housing Market Information and Data.
While receiving the award on behalf of the Managing Director, NMRC’s Head of ICT and Business Process Operations, Mr. Taofeeq Olatinwo noted that the accomplishment was an industry-wide testament to NMRC’s contributions to Excellence in Housing Finance & Construction.
NMRC has been at the forefront of driving housing market intelligence as a key area of activity and focus, within which it has developed a Mortgage Market Information Portal (MMIP). The NMRC MMIP portal is a decision-making tool that supports the growth of affordable housing and housing finance markets in Nigeria. The NMRC MMIP is currently the repository for the National Real Estate Data Collation Programme making it a primal point of call for industry stakeholders seeking relevant and timely data on Nigeria’s housing sector.
As part of the Company’s attainment in Housing Data, NMRC had earlier in 2016 partnered with the National Bureau of Statistics (NBS) to execute a first of its kind Housing Market survey across six geopolitical zones and involved data gathering, policy evaluation and impact assessment for decision making and investment in the mortgage and housing industry.
NMRC is a CBN-licensed mortgage liquidity facility with the core mandate of developing the primary and secondary mortgage markets. NMRC raises long-term funds from the capital market for mortgage refinancing and by extension promotes affordable housing development and homeownership in Nigeria. NMRC was incorporated on 24th June 2013 and obtained its final license to operate as a non-deposit taking financial institution from the CBN on 18th February 2015.