NMRC refinances N32 million mortgages, hedges rise in interest rates

The Nigeria Mortgage Refinance Company Plc (NMRC) has accessed the capital market three times to refinance mortgages worth over N32 million. The firm also said it provided long-term liquidity to both primary mortgage and commercial banks to moderate the rise of mortgage interest rates in the country. NMRC’s Chief Executive Officer, Mr. Kehinde Ogundimu, who stated this at the 9th yearly general...

Concerns over effect of naira depreciation on real estate industry

The real estate and construction sector have continued to grapple with multiple effects of depreciation in the country’s naira value, as cost of raw materials, labour and transportation and contracts skyrocket. But despite the naira hitting an all-time low of N810 against the dollar, Nigerians are hopeful of a silver lining, as a weaker naira against the dollar makes investing cheaper for...

10 Common Errors in Real Estate Business Development and How to Avoid Them

Error: Operating without a well-defined investment strategy. Introduction Real estate investment is a dynamic and potentially rewarding field. However, like any venture, it comes with its share of pitfalls. Knowing and avoiding common errors is key to ensuring your success as a real estate investor. In this blog, we'll explore ten common errors in real estate business development and provide practical...

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