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 […]

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 […]

No fewer than 66,402 applications have been filed for pre-qualification since August 2 when the federal government jump-started the new mortgage refinancing system for an initial 10,000 mass housing delivery programme. The Coordinating Minister for the Economy and Minister of Finance, Dr. Okonjo Iweala, who made the disclosure at a […]