Out of the four million registered contributors to the National Housing Fund, only 60,000 or 1.5 per cent of the total have been able to access mortgage loans, the Federal Mortgage Bank of Nigeria has said. According to the bank, although the dismal number is due to many constraints to […]
Mortgages
United Mortgage Bank, Spring Mortgage plan merger
United Mortgage Bank Limited says its plan to merge with Spring Mortgage Plc is already at an advanced stage and may be completed any time soon. The Managing Director and Chief Executive Officer, UMBL, Mr. Walter Akpani, stated this at a ‘court-ordered meeting’ with shareholders in Lagos on Tuesday. As […]
NDIC to increase mortgage bank customers’ deposit cover
The Nigeria Deposit Insurance Corporation on Monday unveiled plans to increase the deposit insurance coverage for customers of Primary Mortgage Banks operating in the country. The Managing Director/Chief Executive, NDIC, Alhaji Umaru Ibrahim, dropped the hint in Abuja in a keynote address at a sensitisation workshop for operators of the […]
