Federal mortgage bank of nigeria news
Here are some recent news and updates from the Federal Mortgage Bank of Nigeria (FMBN):
Recent News
- FMBN Approves N10.6 Billion for Mortgage Financing: The Federal Mortgage Bank of Nigeria has approved N10.6 billion for the financing of mortgage transactions in the country. This is part of the bank's efforts to increase access to affordable housing for Nigerians. (Source: Vanguard, March 2023)
- FMBN Launches Online Mortgage Application Portal: The Federal Mortgage Bank of Nigeria has launched an online mortgage application portal to facilitate the processing of mortgage applications. The portal is designed to reduce the time and cost of processing mortgage applications. (Source: ThisDay, February 2023)
- FMBN Partners with Lagos State Government to Provide Affordable Housing: The Federal Mortgage Bank of Nigeria has partnered with the Lagos State Government to provide affordable housing for residents of the state. The partnership aims to provide 10,000 housing units in the next three years. (Source: Punch, January 2023)
- FMBN Approves N5.6 Billion for Housing Development: The Federal Mortgage Bank of Nigeria has approved N5.6 billion for the development of housing projects in the country. The funds will be used to finance the construction of 1,000 housing units across the country. (Source: Leadership, December 2022)
- FMBN Introduces New Mortgage Products: The Federal Mortgage Bank of Nigeria has introduced new mortgage products to cater to the needs of different segments of the population. The new products include a 10-year mortgage product and a 20-year mortgage product. (Source: BusinessDay, November 2022)
Recent Updates
- FMBN's Mortgage Financing Portfolio Reaches N1.3 Trillion: The Federal Mortgage Bank of Nigeria's mortgage financing portfolio has reached N1.3 trillion, making it one of the largest mortgage financing institutions in the country. (Source: FMBN's Annual Report, 2022)
- FMBN's Housing Loans Disbursement Reaches N150 Billion: The Federal Mortgage Bank of Nigeria has disbursed N150 billion in housing loans to Nigerians in the past year. This is part of the bank's efforts to increase access to affordable housing. (Source: FMBN's Annual Report, 2022)
- FMBN's Staff Strengthens Capacity Building: The Federal Mortgage Bank of Nigeria has strengthened its capacity building efforts to improve the skills and knowledge of its staff. The bank has trained over 500 staff members in the past year. (Source: FMBN's Annual Report, 2022)
I hope this information is helpful. Let me know if you have any further questions!