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Ownership Structure
NMRC has N25.68 billion Tier 1 Capital which is above the minmum capital requirement of N5 Billion as stipulated by the Central Bank of Nigeria (CBN) . NMRC has 26 investors with the Ministry of Finance Incorporated (MoFI) and 15.68% and 20.91% with the Nigerian Sovereign Investment Authority (NSIA) 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.
Tier 1
Capital
Tier 2
Capital
In Shared
Capital
Investors
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Corporate Management
NMRC’s journey is marked by significant milestones that have reshaped the housing finance sector.