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  • About Us

    Who We Are

    Our objective is to bring Nigerians Affordable Housing.

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    Meet Our Board Members

    Ownership Structure

    NMRC has =N=13.19 Billion Tier 1 Capital

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    NMRC Mortgage Digest 21st Edition: January 2023
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     NMRC Mortgage Digest 21st Edition: January 2023
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     NMRC Mortgage Digest 20th Edition: June 2022
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Our objectives is to bring Nigerians Affordable Housing

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Ownership Structure

Capital
₦ 0 .92 billion

Tier 1 Capital

Capital
₦ 0 .10 billion

Tier 2 Capital

Capital
₦ 0 .12 billion

Issued Share Capital

0

Investors

NMRC has =N=20.92 Billion Tier 1 Capital which is above the minmum capital requirement of =N=5 Billion as stipulated by the Central Bank of Nigeria (CBN)

NMRC has 26 investors with the Ministry of Finance Incorporated (MoFI) and the Nigerian Sovereign Investment Authority (NSIA) holding 15.68% and 20.91% respectively.

Five (5) Commercial Banks (CBs) and nineteen (19) Primary Mortgage Banks (PMBs) represent 11.11% and 52.30% respectively of the paid-up shares of NMRC.

The mix of investor groups is chosen to ensure the success of NMRC, as each group brings a unique value to the institution.

NMRC will from time to time raise additional Tier 1 capital
to meet regulatory requirement for expanding business scale.

The Company’s Tier 2 Capital includes a Subordinated Loan of US$ 168.13 Million which is a World Bank International Development Agency Loan to the Federal Republic of Nigeria for funding of the Housing Finance Programme. The role of the IDA loan is two fold:
  • (i) To strengthen the balance sheet; and
  • (ii) To ensure sustainability of the model as it will provide confidence in the credit standing of NMRC as a bond issuing entity.

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Contact Details

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Lagos Office

17 Sanusi Fafunwa, Victoria Island, Lagos.
+234 91-3-957-6829
+234 91-3-957-6830

info@nmrc.com.ng

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BLOCKCHAIN-POWERED SYSTEM FOR RELIABLE LAND TITLING

NMRC has also tapped blockchain technology’s capacity for tamper-proof record keeping, to build a robust national asset registry system for driving real estate transactions.
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