Friday , 28 March 2014
Headlines
- Lekki-Ikoyi toll illegal court says
- New Lagos Computer Village requires 20 Billion Naira
- EHINGBETI 2014: Powering the Lagos Economy: Real Opportunities, Endless Possibilities
- Nigerian Economic Summit to focus on Education
- Construction of 2nd Niger Bridge kicks off
- Fraud Alert: Beware of Ayobo land – Lagos Land Bureau
- NIESV becomes govt official property valuers and managers – BPP
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Is the Tide Rising? World Economic Outlook (WEO) Update
Global activity strengthened during the second half of 2013, as anticipated in the October 2013 World Economic Outlook (WEO). Activity is expected to improve further in 2014–15, largely on account of recovery in the advanced economies. Global growth is now projected to be slightly higher in 2014, at around 3.7 percent, rising to 3.9 percent in 2015, a broadly unchanged... Read more »
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Nigeria overtakes South Africa as it emerges Africa’s Largest Economy in 2weeks
In two weeks Nigeria will release its rebased gross domestic product (GDP) statistics. The new numbers will show Nigeria’s GDP rising by 65 percent to $432 billion, meaning the country has overtaken South Africa as Africa’s largest economy. The figure confirmed by sources at the National Bureau of Statistics (NBS) suggests that the Nigerian economy has been hugely underestimated over... Read more »
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HOUSING LOANS AT 1.6% INTEREST
Cement manufacturer and marketer, Lafarge Wapco has decided to partner with LAPO, a Nigerian microfinance bank to provide affordable housing for low income earners by financing 400 clients for housing projects over the next six months. LAPO is in charge of disbursing the loans at a rate of 1.6 percent per month, which is one percent less than their usual... Read more »
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Fannie Mae, NMRC, FMBN | Similarities & Difference by 3INVESTONLINE
Mortgage Refinancing is a financial transaction in which a debtor can replace an existing residency debt obligation with another debt obligation under different terms. Residency debt obligation in this context refers to your initial mortgage loan. Some of the major reasons people refinance their mortgages are: To take advantage of a better interest rate. To consolidate other debts into one... Read more »
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Man of the Moment | Mr Sonnie Ayere
Task manger | Nigeria Mortgage Refinance Company PLC Institution: Group Managing Director / CEO Dunn Loren Merrifield Sonnie Ayere has over 20 years of in-depth corporate and structured finance, corporate banking and asset management experience working with the following institutions in London – HSBC London, NatWest Bank, The Sumitomo Mitsui Bank, Bank of Montreal – Nesbitt Burns; the International Finance... Read more »
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Now that we got #NMRC, what are we going to do with it? 10 things to know by 3INVESTONLINE
Before we click glasses in toast to affordable housing and a Fannie Mae-styled mortgage sector, I think Nigeria’s Minister of Finance and coordinating Minister of the economy, Dr. Ngozi Okonjo-Iweala deserves a special mention. She’s such an incurable optimist who exudes a contagious confidence in the plausibility of a healthy mortgage sector; and what it means to the economy. As... Read more »
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The Official press statement of Dr Goodluck Ebele Jonathan on the launch of NMRC
His excellency the vice president, excellency the governors and deputy governors here with us for this launch ceremony, members of the national assembly, the coordinating minister of the economy and honorable minister of finance and other members of the federal executive council here with us. Sectors of governments and other senate government functionaries, members of the diplomatic corps, government partners,... Read more »
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The Nigerian Sovereign Fund to invest in NMRC
The Nigeria Infrastructure Fund, one of the sovereign funds under the Nigeria Sovereign Investment Authority (NSIA) has received board approval to invest 1.6 Billion NGN (US$9.92 Million) in Nigeria Mortgage Refinance Company PLC (NMRC). Uche Orji, the Managing Director and CEO of the NSIA, will join the board of the NMRC. In a press release, Uche Orji states, “Our Investment... Read more »
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All you need to know about NMRC | FAQS
Frequently Asked Questions 1. What is NMRC? The Nigeria Mortgage Refinance Company(“NMRC”) is a Public Private Partnership arrangement between the Federal Government of Nigeria and private sector. It is being implemented as a component of the Nigeria Housing Finance Programme initiated by the Federal Ministry of Finance in collaboration with the Central Bank of Nigeria (“CBN”), Federal Ministry of Lands,... Read more »
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THE OFFICIAL PRESS STATEMENT OF DR NGOZI OKONJO-IWEALA AT THE NMRC LAUNCH
NMRC was officially launched by His Excellence Dr, Goodluck Ebele Jonathan on January 16th, 2014 in Abuja. Thank you very much your Excellency Mr. President; your Excellency, Mr. Vice President; Excellency Executive Governors and deputy Governors, members of the National Assembly, members of the Federal Executive Council, general partners, members of the diplomatic corps, members of the professions that relate... Read more »
