Tag Archives: New Initiatives Of FMBN

New Initiatives Of FMBN In Housing Finance And Development

New Initiatives Of FMBN In Housing Finance And Development

The Federal Mortgage Bank of Nigeria (FMBN) was established in 1956, then known as the Nigerian Building Society, NBS, a joint venture of the Commonwealth Development Corporation and the Federal and Eastern governments of Nigeria. —     It operated to fund individual mortgage loans from savings mobilized from the public. Following the introduction of the Indigenization

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