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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Tier 1 Capital
Tier 2 Capital
Units Authorised Share Capital
NMRC has =N=13.19 Billion Tier 1 Capital which is above the minimum capital requirement of =N=5 Billion as stipulated by the CBN. NMRC has 8,500,000,000 units of Authorised Shares.
NMRC has 27 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 twenty (20) 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 capitalto meet regulatory requirement for expanding business scale.
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17 Sanusi Fafunwa, Victoria Island, Lagos. +234 908 762 8273
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