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  • About Us

    Who We Are

    Our objective is to bring Nigerians Affordable Housing.

    Board Members and Management Team

    Meet Our Board Members and Our Management Team

    Ownership Structure

    NMRC has =N=25.68 Billion Tier 1 Capital

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    NMRC Mortgage Digest 21st Edition: January 2023
    18 downloads 4.0 MB
     NMRC Mortgage Digest 21st Edition: January 2023
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     NMRC Mortgage Digest 20th Edition: June 2022
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    Coming Soon!

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Our objectives is to bring Nigerians Affordable Housing

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Ownership Structure

Capital
₦ 0 .68 billion

Tier 1 Capital

Capital
₦ 0 .97 billion

Tier 2 Capital

Capital
₦ 0 .12 billion

Issued Share Capital

0

Investors

NMRC has =N=N25.68 billion 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 from 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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