NMRC Gets $228m For Affordable Mortgages To Tackle Housing Deficit In Nigeria

NMRC Gets $228m For Affordable Mortgages To Tackle Housing Deficit In Nigeria …C0NTINUE READING HERE >>>

The Nigeria Mortgage Refinance Company Plc (NMRC) has successfully secured $228 million in blended financing to boost affordable mortgage options in Nigeria.

The landmark transaction, aimed at addressing the country’s significant housing deficit, combines a $200 million loan from the U.S. International Development Finance Corporation (DFC) with $28 million sourced from local financial markets.

The deal, arranged by MiDA Advisors and Stanbic IBTC Capital, a member of the Standard Bank…

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