FMBN Records Nearly Doubled Loan Approvals at ₦71.5b in 2024 - Worldstage

FMBN records nearly doubled loan approvals at ₦71.5b in 2024 - Worldstage

*As new chairman pledges to revitalise housing finance WorldStage Newsonline– The Federal Mortgage Bank of Nigeria (FMBN) recorded nearly doubled loan approvals  from ₦39.7 billion in 2023 to ₦71.5 billion in 2024, increasing access to housing finance, according to its Managing Director and Chief Executive, Shehu Osidi. Osidi, while welcoming Dr Nasir Gawuna, who has assumed duty as the new Board Chairman in Abuja confirmed a ₦6.5 billion surplu…

FMBN Posts ₦6.5bn Q1 Surplus, Signals Stronger Financial Discipline and Mortgage Access Reforms

FMBN Managing Director and Chief Executive, Shehu Osidi Nigeria’s apex public housing finance institution, the Federal Mortgage Bank of Nigeria (FMBN), has posted a first-quarter surplus of ₦6.5 billion in 2025, reinforcing its trajectory toward fiscal sustainability, increased mortgage access, and institutional transparency. This comes on the heels of a record ₦11.5 billion operational surplus …

FMBN doubles mortgage loan approvals and launches bold reforms to empower Nigerians at home and abroad - Commonwealth Union

Africa (Commonwealth Union) _ In a powerful stride toward solving Nigeria’s housing deficit, the Federal Mortgage Bank of Nigeria (FMBN) has nearly doubled its mortgage loan approvals from ₦39.7 billion in 2023 to an impressive ₦71.5 billion in 2024. This leap signals a renewed drive to expand housing access and affordability under the leadership of Managing Director and CEO, Shehu Osidi. Speaking in Abuja while officially welcoming Dr. Nasir Ga…