Lagos State Government Partners NMRC PRESS RELEASE: The Lagos state government today partnered with the Nigeria Mortgage Refinance Company Plc (NMRC) and Mortgage Warehouse Funding Limited (MWFL) to organize a one-day workshop aimed at identifying innovative financing solutions in its quest to address the 3 million housing deficit in the state and provide its teeming…
Securitisation Transaction The formal signing for the First Future Flow ‘FFF’ Securitisation transaction sponsored by Continental Transfert Technique Limited held on Monday 29th January 2018 with Dunn Loren Merrifield Advisory Partners taking the lead as Sole Arranger/Issuing House for the transaction. The event which held at the executive board room of Dunn Loren Merrifield…
The Development Bank of Nigeria (DBN) was conceived by the Federal Government of Nigeria (FGN) in collaboration with the World Bank (WB), African Development Bank (AfDB), KfW Development Bank, French Agency for Development (AFD) and European Investment Bank (EIB) to address the major financing challenges facing Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria….
Mortgage Warehouse, given the liquidity constraint experience by primary mortgage lender in the Nigerian mortgage sector, it became very important to come up with a plan for diversified sources of short–term funds that will facilitate the funding capacity and origination of mortgages in Nigeria. Despite its attractive demography and impressively sustained economic growth for a…
My DLM experience: When I got to DLM, I didn’t know what to expect except to try not to get on the nerves of the CEO. I mean sure, nobody wants to get on the nerves of their boss. However, Mr. Ayere got me more scared then I expected to be. I had formed this…
(IPPIS), The Federal Government saved about N273.8bn through the implementation of the Integrated Personnel and Payroll Information System (IPPIS). The Accountant-General of the Federation, Ahmed Idris, said this at a meeting of Vice – Chancellors, Registrars and Bursars of Federal Universities held in Abuja. The AGF described the IPPIS scheme as one of the Federal…
Apex bank refutes reports on transactions with govt as mischief The Federal Government emerged the highest claimant against the Central Bank of Nigeria (CBN), in a two-way financial activity in the last five years, netting N3.7 trillion. According to a financial transactions obtained from the apex bank, government was the net creditor of CBN in…
A global credit rating agency, Moody’s Investors Service, has said Nigeria is trapped in a low growth path for the time being. The Vice President – Senior Credit Officer, Sovereign, Aurelien Mali, said on Wednesday that government revenue weakness remained a key credit challenge, adding that the country’s balance sheet had “deteriorated to a level…
The Federal Government (FG) will borrow $2.7bn (N824.82bn) from foreign sources in 2019, the Debt Management Office (DMO), has said. In a statement made available to our correspondent in Abuja on Wednesday, the DMO said that the first priority would be to borrow from multilateral and bilateral sources. The balance, it said, would be borrowed…
The Debt Management Office (DMO) has said the Federal Government will auction N100bn worth of bonds by subscription on June 26. A circular by the DMO on Tuesday showed the breakdown of the figure to include an N30bn five-year re-opening bond that would mature in April 2023 and be offered at 12.75 percent; another N40bn…
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