Nigeria, an economy heavily dependent on diaspora remittances for its foreign exchange supply, is preparing for a potential reduction in critical financial inflows. The expected decline is linked to the significant increase in mortgage interest rates in key remittance-sending countries like Canada, the United Kingdom (UK), and the United States (US). Nigeria relies heavily on […]
By Godwin Anyebe The National Pension Commission (PenCom) has explained how workers can use their retirement savings to obtain a residential mortgage. A mortgage is a type of loan used to purchase or maintain a home, land, or other types of real estate. Last year, PenCom issued guidelines on accessing retirement savings account (RSA) balance […]
The Federal Government plans to inject N500 billion ($1.4 billion) in its low-cost mortgage lender over the next five years in an effort to spur home ownership. Faced with a housing deficit of 17 million units, Nigeria is seeking to improve access to home loans in an economy that vies with South Africa as the […]
About three (300) civil servants in Adamawa State are to benefit from the Federal Mortgage Bank housing scheme loan. Governor Muhammad Umaru Jibrilla, Who presented the cheques to some of the beneficiaries at the Murtala Nyako Training Center, said the effort in line with the policy of this present administration which is aim to improve […]