Just another News Updates
There has been serious jubilation in Zamfara State following the directive given to commercial banks by the CBN to start issuing the old Naira currency to reduce the hardship faced by the masses. Most of the people interviewed by news men agreed that the CBN directive has brought a sense of relief, saying that Nigerians […]
Jaiz Bank plc, the premier non-interest bank in Nigeria has released its audited financial results for the period ended December 31, 2021. The results as released to the Nigerian Exchange Group, showed a 43% growth in Profit Before Tax from N3.07billion in December 2020 to N4.37 billion in December 2021. This is on the backdrop […]
President Muhammadu Buhari has approved the reconstitution of the Board of the Federal Mortgage Bank of Nigeria. This is with a view to repositioning the bank as a core banking institution with core competence in mortgage finance. Recall that the President had, in January this year, appointed Mr Ayodeji Ariyo Gbeleyi, a Chartered Accountant and […]
The implementation of a 6-Point Strategy Plan is delivering historic improvements in the operations and impact of the Federal Mortgage Bank of Nigeria (FMBN)’s affordable housing delivery activities. The FMBN Executive Management Team, whose five-year tenure is due to lapse on Friday 8th April 2022, stated this in a recent townhall meeting with staff. Arc. […]
The Federal Mortgage Bank of Nigeria (FMBN) is set to boost financial inclusion with the introduction of a non-interest rent-to-own mortgage loan product. The innovative housing product, recently approved by the FMBN Board of Directors, is designed to enable Nigerians to own their homes using a mortgage without engaging in an interest-bearing transaction. FMBN developed […]