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Monthly Archives: February 2017

Lagos allocates rent-to-own houses

              Prince Gbolahan Lawal – Lagos State Commissioner for Housing Determined to reduce housing shortages, Lagos authorities have begun the implementation of its Rent-To-Own policy, aimed at making housing more readily affordable and accessible to the citizenry. Under the

NMRC moves to integrate informal sector

Worried by low mortgage penetration in the country, the Nigerian Mortgage Refinance Company (NMRC) is planning to fine-tune underwriting standards in a bid to integrate the informal sector of the economy. Chief Executive, Trust- Bond Mortgage Bank Plc, Mr. Adeniyi Akinlusi, said the Central Bank

Lagos completes Isale Igangan luxury flats

Lagos state government has completed eleven floor Isale gangan Towers and Gardens Luxury apartment. The towers is the phase one of redevelopment project for Isale gangan which effectively took off in August 2009 when a contract was signed with twelve families to release their plots

Increased Affordable Housing Will Deepen

The director of Other Financial Institution Supervision Department (OFISD), Central Bank of Nigeria (CBN), Alhaji Ahmed Abdullahi, has stated that the increasing stock of affordable housing would accelerate the growth of middle class and deepen the mortgage market stressing that the industry could contribute to

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