Business
FirstBank Offers Nigerians Single-Digit Interest Rate Loan for Home Ownership
For millions of Nigerians, homeownership has long felt like an ambition deferred. Squeezed by rising property prices, persistent double-digit inflation and high commercial lending rates, the dream of owning a home has remained just that – a dream.
But that narrative is quietly changing. Thanks to FirstBank.
The N1 Trillion Intervention Reshaping Access
In partnership with the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF), FirstBank has unveiled a mortgage opportunity that could redefine access to housing finance in Nigeria.
Backed by the Federal Government’s N1trillion mortgage fund, the initiative is designed to empower Nigerians with affordable, long-term credit to own their homes.
9.75% Interest Rate in a 30% Lending Environment
MREIF is priced at 9.75% per annum, dramatically lower than prevailing commercial loan rates. Eligible Nigerians can access up to N100 million and repay within 20 years. This translates into significantly more manageable monthly repayments and greater long-term financial stability.
Built for Salary Earners, Entrepreneurs and the Diaspora
The MREIF mortgage facility has been structured to be inclusive. It is available to salary account holders, business owners and diaspora customers. Whether you are a young professional aiming to exit the rent cycle, an entrepreneur building generational stability, or you’re a Nigerian abroad looking to secure assets locally, the product opens a pathway that has historically been out of reach for many.
Taking the First Step
For those who have been waiting for the right time, this is definitely it. The question is no longer whether homeownership is possible. The real question is: will you act before the window narrows?
Visit https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/ and in no time you could be the latest homeowner in town.
FirstBank and the Ministry of Finance Incorporated (MOFI) have concluded plans to bridge housing deficit and empower citizens with credit to own their own homes of choice in any of the 36 states of the Federation plus Federal Capital Territory (FCT). This is through the FirstBank’s MREIF mortgage loan product, which has proved to be an opportunity waiting for Nigerians to grab.
This laudable initiative considers the importance of shelter to Nigerian citizens especially low and middle income earners that have to save for years before they can build for themselves. It aims at delivering homes to those who would apply without stress, putting smiles on the faces of Nigerians now, and during retirement.
Through MREIF, FirstBank will provide eligible customers with access to loans of up to N100 million with a repayment period of up to 20 years, at an attractive interest rate of 9.75% per annum. This is less than the usual interest rate on regular loans which sit at about 27% or more today. The repayment duration of 20 years makes the loan attractive for customers without stress.
The mortgage facility is available to salary account holders, business owners, and diaspora customers.
Interested customers are required to visit the Bank’s website: https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/ where they can find detailed information and begin their journey toward homeownership.
Leading financial institution, Fidelity Bank Plc, has concluded plans to host a high-level virtual webinar focused on helping public institutions to strengthen revenue systems, improve fiscal transparency, and build smarter digital structures for collections, oversight, and accountability.
This event, with the theme, Digital Fiscal Transparency: Unlocking Sub-national Opportunities for International Partners, is billed for Tuesday, March 24, 2026,
The programme is expected to bring together a cross-section of public sector leaders, development institutions, heads of parastatals and agencies, as well as financial experts, to explore practical solutions for stronger public finance management.
It is expected to offer timely insights into how modern revenue infrastructure can help institutions improve efficiency, drive accountability, and support better fiscal outcomes.
The webinar will address key issues facing many public institutions today, including revenue leakages, fragmented collection channels, weak visibility into revenue performance, poor reconciliation processes, and the growing need for more transparent and technology-driven systems.
“As public institutions seek ways to improve internally generated revenue and strengthen public trust, there has been a renewed focus on fiscal transparency.
“This is particularly important in the face of recent macro and micro economic developments with many public sector agencies under pressure to do more with limited resources,” the Divisional Head of Public Sector at Fidelity Bank, Mr Richard Madiebo, said.
“It is against this background that we have conceptualised this session with a particular focus on how digital platforms can support structured invoicing, seamless collections, payment automation, contractor disbursement transparency, real-time revenue oversight, amongst other pertinent areas of revenue mobilisation and administration in Nigeria,” he added
“The webinar forms part of our commitment to provide practical solutions that support public sector transformation and stronger sub-national development. This is in line with Fidelity Bank’s mandate to help individuals to grow, businesses to thrive, and economies to prosper,” Mr Madiebo further disclosed.
Interested participants may register at www.fidelitybank.ng/publicsectorwebinar.
Access Bank Plc and King’s Trust International (KTI) have formally signed a strategic partnership agreement to expand opportunity, entrepreneurship and sustainable livelihoods for young people across Africa.
The partnership agreement was signed by Roosevelt Ogbonna, Managing Director/Chief Executive Officer, Access Bank Plc, for Access Bank, and Will Straw, CBE, Chief Executive Officer of King’s Trust International, on behalf of KTI.
The signing ceremony was witnessed by senior leaders and representatives from both organisations, alongside distinguished guests including Aigboje Aig‑Imoukhuede, CFR, Co-Chair, King’s Trust International Africa Advisory Board and Chairman, Access Holdings Plc; Ofovwe Aig‑Imoukhuede; Co‑Chair, King’s Trust International Africa Advisory Board, and Lagos State Governor, Babajide Sanwo-Olu.
The partnership brings together King’s Trust International’s expertise in youth development with Access Bank’s pan‑African reach and long‑standing commitment to inclusive and sustainable growth. Through this collaboration, the two organisations will work to equip young people with the skills, confidence and support needed to build successful futures through employment and entrepreneurship.
Under the agreement, Access Bank will support the delivery of King’s Trust International programmes that empower young people across several African countries, supporting them to gain skills and find pathways into meaningful employment and self-employment across Africa.
Speaking at the signing, Will Straw CBE, Chief Executive Officer of King’s Trust International, said: “This partnership with Access Bank reflects a shared commitment to unlocking the potential of young people across Africa. By combining our experience in youth development with Access Bank’s scale and leadership across the continent, we can create meaningful pathways to opportunity and long‑term impact.”
Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank, added: “At Access Bank, we believe that empowering young people is fundamental to Africa’s sustainable growth. Our partnership with King’s Trust International reinforces our commitment to entrepreneurship, job creation and inclusive development, while enabling us to play a purposeful role in shaping the continent’s future.”
The partnership marks a significant milestone in advancing cross‑sector collaboration to address youth unemployment, foster entrepreneurship and drive inclusive growth across Africa.
