CBA: FMBN Banking App to Ease Mortgage Access, Avoid Glitches - Experts Experts and real estate practitioners have been assessing the newly launched core banking app by the Federal Mortgage Bank of Nigeria (FMBN), saying it has the potential to ease access to mortgage. This is...

$300bn Dead Capital: Tinubu Appoints New Heads for FMBN, FHA President Bola Tinubu has reconstituted the executive management teams of parastatals under the Federal Ministry of Housing and Urban Development. The President appointed Mr. Shehu Usman Osidi as Managing Director/CEO of the Federal Mortgage Bank of...

Reps To Raise FMBN’s Capital To N100bn       The House of Representatives is considering raising the capital base of the Federal Mortgage Bank of Nigeria from the current N5bn to N100bn. Also, the mortgage bank may also be opened to private investors and shareholders. These are proposed in...

FG Begins Commercialisation Of Federal Mortgage Bank       The Federal Government on Thursday announced that it had commenced the process for the full commercialisation of the Federal Mortgage Bank of Nigeria. Part of the process was the inauguration of the Joint Technical Committee for the commercialisation of...

N265bn Disbursed Under National Housing Fund - Fed Govt         The Federal Mortgage Bank on Wednesday announced that it had so far disbursed N265bn to subscribers under the National Housing Fund. It also announced that subscribers to the fund had increased to 5.1 million, as 570,000 new...

FMBN, Presidential Panel Collaborate To Recover N43bn From Debtors   The Federal Mortgage Bank of Nigeria has entered into partnership with the Special Presidential Investigation Panel for the Recovery of Pubic Property to recoup N43bn from the bank’s debtors within the next 18 months. According to FMBN’s...