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  • About Us

    Who We Are

    Our objective is to bring Nigerians Affordable Housing.

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    Ownership Structure

    NMRC has =N=13.19 Billion Tier 1 Capital

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    26/07/2021

    14th Abuja International Housing Show

    Organisers: FESADEB Communications
    Location: ICC, Abuja

    View Details
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    NMRC Mortgage Digest 15th Edition: January – March 2021
    7 downloads 3 MB
     14 Edition NMRC Newsletter October-December 2020
    17 downloads 11.9 mb
     NMRC Newsletter 13th Edition July-September 2020
    10 downloads 31 MB

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Our objectives is to bring Nigerians Affordable Housing

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Ownership Structure

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₦ 0 .19 billion

Tier 1 Capital

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₦ 0 .34 billion

Tier 2 Capital

₦ 0 .5 billion

Units Authorised Share Capital

0

Investors

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 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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Lagos Office

17 Sanusi Fafunwa, Victoria Island, Lagos.
+234 803 048 6270

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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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