Nigeria Mortgage Refinance Company Plc (Nigeria)

Nigeria Mortgage Refinance Company Plc specializes in the issuance of Mortgage Backed Securities (MBS) and promotes access to affordable housing finance in Nigeria. NMRC raises long-term funds to boost liquidity in the mortgage market, empowering partner mortgage lending institutions to provide longer-term loans to potential homeowners. The company acts as a financial intermediary between the Nigerian capital market and financial institutions that provide mortgage loans to average working Nigerian citizens. NMRC does not provide mortgage loans directly to individuals, but rather refinances portfolios of mortgage and commercial banks. The company's main objective is to bring affordable housing to Nigerians by providing mortgage lending banks with increased access to liquidity and longer-term funds in the mortgage market. NMRC also promotes the adoption of global operational standards by key players in the Nigerian housing and mortgage sector.