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First City Monument Bank FCMB, finance ministry partner on N10bn mortgage scheme

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First City Monument Bank has partnered with the Ministry of Finance Real Estate Investment Fund to launch a N10bn mortgage financing scheme aimed at making homeownership more accessible to Nigerians.

The scheme offers home loans of up to N100m with repayment terms of up to 20 years at a single-digit interest rate, according to a statement from the bank on Thursday.

The partnership between FCMB and MREIF is a significant step towards addressing Nigeria’s housing challenge, which has a deficit of around 28 million units. Experts say the country needs 700,000 new homes each year and over N21tn in funding to close the gap.

Divisional Head of Personal Banking at FCMB, Adetunji Lamidi, said “Homeownership gives dignity and stability. It is one of the clearest ways a country shows it is making room for its people to thrive. That is what this partnership between FCMB and MREIF represents.”

The Ministry of Finance Real Estate Investment Fund was launched in 2024 to bridge the housing gap by providing long-term, affordable financing for aspiring homeowners nationwide.

MREIF is a ₦250bn fund managed by ARM Investment Managers, bringing public and private sector players together to tackle Nigeria’s housing gap, improve living standards, and boost jobs and economic activity in real estate and construction.

Lamidi commended the Federal Government’s foresight in establishing MREIF and acknowledged ARM Investment Managers’ support in deploying the fund. He reaffirmed FCMB’s commitment to delivering flexible, responsive, and human-centred financial solutions.

Executive Director at ARM Investment Managers, Mr Mounir Bouba, said, “We at ARM are delighted to enter this partnership with FCMB to advance the objectives of MREIF. We recognise FCMB’s strengths and ability to support both the demand and supply sides of the housing sector in Nigeria, making them an ideal partner for the MREIF scheme.”

The mortgage scheme is designed to meet the needs of Nigerians from all walks of life. Customers can access the funds they need through FCMB with repayment options that work for their income and lifestyle.

The partnership between FCMB and MREIF is a practical demonstration of the banks’ commitment to fostering inclusive, sustainable development and its mission to build a system that connects people, capital, and markets across all sectors of the Nigerian economy.

As Nigeria continues to grapple with its housing challenge, partnerships like the one between FCMB and MREIF offer hope for a brighter future. With affordable mortgage solutions, more Nigerians can now achieve their dream of homeownership, and the country can take a step closer to bridging its housing gap.

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Politics

Say Goodbye To These Diseases By Eating Sugarcane Regularly

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Say Goodbye To These Diseases By Eating Sugarcane Regularly

Sugarcane is often enjoyed as a sweet, refreshing treat, especially on hot days.

But beyond its natural sweetness, sugarcane is packed with nutrients and health benefits that can help your body fight off and even prevent several diseases.

Eating sugarcane regularly—or drinking its fresh juice—can be a simple, natural way to boost your health and say goodbye to some common illnesses.

One of the biggest benefits of sugarcane is its ability to support liver health.

Sugarcane juice is a natural detoxifier, helping to flush out harmful toxins from the liver and bloodstream.

It’s especially beneficial for people suffering from jaundice, as it helps restore the liver’s function and maintain the right levels of electrolytes in the body.

Regular consumption can keep your liver healthy and improve digestion.

Sugarcane is also a great friend to your digestive system.

It contains potassium and natural fiber, which help prevent constipation, bloating, and stomach acidity.

Drinking sugarcane juice after meals can improve bowel movements and support the growth of good gut bacteria, making your digestive system stronger and more balanced over time.

Another major health benefit is its positive effect on the kidneys and urinary system.

Sugarcane juice acts as a natural diuretic, encouraging urine flow and helping to keep your kidneys clean.

This can reduce the risk of urinary tract infections and kidney stones.

It also helps maintain proper hydration, which is crucial for kidney function.

For those concerned about infections and low immunity, sugarcane offers a natural boost.

It is rich in antioxidants, such as flavonoids and phenolic compounds, which fight free radicals and strengthen the immune system.

This can help your body ward off infections like colds, flu, and fever.

Lastly, sugarcane supports healthy skin and prevents acne.

Its detoxifying properties clear impurities from the blood, leading to a clearer, glowing complexion over time.

In short, sugarcane is more than just a sweet treat—it’s a natural medicine.

By eating sugarcane regularly or drinking its fresh juice, you can protect your liver, boost digestion, improve kidney health, strengthen immunity, and even achieve healthier skin.

It’s a simple, affordable, and tasty way to say goodbye to several common diseases naturally.

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Lifestyle

What Your Urine Color Says About Your Kidney Health

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What Your Urine Color Says About Your Kidney Health

The color of your urine can tell a lot about your kidney health and overall well-being. It is often the first sign that something may be off in your body. Paying attention to it can help you catch problems early.

Clear or light yellow urine is usually a good sign. It means you are well-hydrated, and your kidneys are working properly to filter waste. Drinking plenty of water often leads to this healthy color.

Dark yellow or amber urine may indicate dehydration. Your kidneys are concentrating urine to save water. Drinking more water usually helps return it to a lighter color. However, some vitamins and supplements can also darken urine.

Orange or brown urine can be a warning. It may be caused by certain foods, medications, or liver problems. It can also indicate bile buildup or a kidney issue. If it persists, seeing a doctor is important.

Red or pink urine can be alarming. Sometimes it is caused by eating beets or berries, but it can also indicate blood in the urine. This could result from kidney stones, infections, or more serious kidney problems. Immediate medical attention is advised.

Foamy or bubbly urine may indicate protein in the urine. This can be a sign of kidney damage. Persistent foaminess should not be ignored.

Very dark, almost black urine is rare but serious. It may suggest severe dehydration, liver problems, or a rare kidney disorder. Urgent medical evaluation is needed.

In summary, normal urine color ranges from pale yellow to light amber. Changes in color, especially if persistent, should not be ignored. Monitoring your urine and staying hydrated helps maintain kidney health. If unusual colors continue, it is important to consult a healthcare professional.

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