Company profile
NIGERIA MORTGAGE REFINANCE COMPANY
- Industry
- Financial Services
- Employees
- 10
- Headquarters
- Abuja, Federal Capital Territory
- Founded
- 2013
- LinkedIn followers
- 688
- Office locations
- 1
NIGERIA MORTGAGE REFINANCE COMPANY company summary
NIGERIA MORTGAGE REFINANCE COMPANY is a company in the Financial Services industry, headquartered in Abuja, Federal Capital Territory, founded in 2013. On LinkedIn the company has around 10 employees and 688 followers.
What technology does NIGERIA MORTGAGE REFINANCE COMPANY use?
No technologies detected yet. Warmrank rechecks company websites on a rolling basis.
About NIGERIA MORTGAGE REFINANCE COMPANY
The Nigeria Mortgage Refinance Company (NMRC) Plc is a Public Private Partnership between the Federal Government of Nigeria and private sector financial institutions to develop the primary and secondary mortgage markets in Nigeria. The company was incorporated on 24th of June 2013 as a key component of the Nigeria Housing Finance Programme, an initiative of the Federal Ministry of Finance (FMOF), the Central Bank of Nigeria (CBN), Federal Ministry of Lands & Urban Development & Housing and the World Bank/IFC with the principal objective of addressing the long-term funding constraints hindering the growth of the primary mortgage market, and reducing the costs of residential mortgages and available housing to working Nigerians. NMRC’s key mandate is to make housing accessible and affordable in Nigeria by providing liquidity to primary mortgage institutions. It has a strong corporate institutional framework to raise long-term funds from both domestic and foreign capital markets to refinance qualifying mortgage loans provided by mortgage finance institutions. Currently, the company has a 440bn Federal Government guaranteed Bond Issuance Program that it uses to access long-term, low interest funds from the capital market. NMRC’s strategic intervention has enabled mortgage institution to provide longer term mortgage loans with payback periods of over fifteen years. NMRC is private sector driven and has commercial banks, primary mortgage institutions, insurance companies, private equity investors and international financial institutions through the Ministry of Finance as critical partners.
Where is NIGERIA MORTGAGE REFINANCE COMPANY located?
NIGERIA MORTGAGE REFINANCE COMPANY lists 1 location.
Compare companies similar to NIGERIA MORTGAGE REFINANCE COMPANY
More companies in Financial Services.
| Company | Industry | Employees | Founded | Headquarters |
|---|---|---|---|---|
NIGERIA MORTGAGE REFINANCE COMPANY nmrc.com.ng | Financial Services | 10 | 2013 | Abuja, Federal Capital Territory |
 JPMorganChase jpmorganchase.com | Financial Services | 235,149 | - | New York, NY, US |
 Neovest jpmorgan.com | Financial Services | 85,869 | - | New York, NY |
 Goldman Sachs goldmansachs.com | Financial Services | 65,450 | - | New York, New York |
 Nubank nubank.com.br | Financial Services | 13,424 | - | São Paulo, SP |
 Citi citigroup.com | Financial Services | 189,594 | 1812 | New York, New York, US |
 Morgan Stanley morganstanley.com | Financial Services | 102,243 | - | New York, NY |
 American Express americanexpress.com | Financial Services | 96,853 | - | New York, NY, US |
 Deutsche Bank db.com | Financial Services | 82,282 | 1870 | Frankfurt am Main, Hessen |
 Wells Fargo wellsfargo.com | Financial Services | 240,197 | - | San Francisco, California, US |
 BlackRock blackrock.com | Financial Services | 34,152 | 1988 | New York, NY |
Frequently asked questions about NIGERIA MORTGAGE REFINANCE COMPANY
What does NIGERIA MORTGAGE REFINANCE COMPANY do?
The Nigeria Mortgage Refinance Company (NMRC) Plc is a Public Private Partnership between the Federal Government of Nigeria and private sector financial institutions to develop the primary and secondary mortgage markets in Nigeria. The company was incorporated on 24th of June 2013 as a key component of the Nigeria Housing Finance Programme, an initiative of the Federal Ministry of Finance (FMOF), the Central Bank of Nigeria (CBN), Federal Ministry of Lands & Urban Development & Housing and the World Bank/IFC with the principal objective of addressing the long-term funding constraints hindering the growth of the primary mortgage market, and reducing the costs of residential mortgages and available housing to working Nigerians. NMRC’s key mandate is to make housing accessible and affordable in Nigeria by providing liquidity to primary mortgage institutions. It has a strong corporate institutional framework to raise long-term funds from both domestic and foreign capital markets to refinance qualifying mortgage loans provided by mortgage finance institutions. Currently, the company has a 440bn Federal Government guaranteed Bond Issuance Program that it uses to access long-term, low interest funds from the capital market. NMRC’s strategic intervention has enabled mortgage institution to provide longer term mortgage loans with payback periods of over fifteen years. NMRC is private sector driven and has commercial banks, primary mortgage institutions, insurance companies, private equity investors and international financial institutions through the Ministry of Finance as critical partners.
How many employees does NIGERIA MORTGAGE REFINANCE COMPANY have?
NIGERIA MORTGAGE REFINANCE COMPANY has around 10 employees on LinkedIn.
Where is NIGERIA MORTGAGE REFINANCE COMPANY headquartered?
NIGERIA MORTGAGE REFINANCE COMPANY is headquartered in Abuja, Federal Capital Territory.
When was NIGERIA MORTGAGE REFINANCE COMPANY founded?
NIGERIA MORTGAGE REFINANCE COMPANY was founded in 2013.
Build a lead list from companies like NIGERIA MORTGAGE REFINANCE COMPANY
Describe your ICP or import a CSV. Warmrank finds matching companies, enriches contacts with verified emails, and tracks every lead.