Business Hilights

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Federal Mortgage Bank of Nigeria (FMBN)

Chinese investor, One Belt One Road Financing plans $300m mass housing in Nigeria

Leading Chinese housing solutions group, One Belt One Road Financing group from China has sealed new $300m deal with Nigeria’s ZVECAN Homes and Estate, a division of ZVECAN Consulting and Engineering Limited to deliver mass housing schemes for low and…

Stop delaying disbursements to developers once approval is made by FMBN—Dangiwa

Managing director/chief executive of Federal Mortgage Bank of Nigeria (FMBN), Arc. Ahmed Musa Dangiwa has warned against refrain from delaying disbursements to developers once approved by the bank. He has also called on Primary Mortgage Banks (PMBs) to harmonise their…

Senate worried on ‘seizure’ of $278m meant for housing supply in 2017 budget

The Chairman, Senate Committee on Lands, Housing and Urban Development, Senator Barnabas Gemade has revealed that federal government deliberately withheld a whopping $ 278m allocated for the purposes of Housing and Urban Development in 2017 budget. The fund is domiciled…