Indications have emerged that only 25 Primary Mortgage Institutions out of over 70 firms may survive the April recapitalisation deadline set by the Central Bank of Nigeria for the mortgage sector. The President, Mortgage Banking Association, Mr. Abimbola Olayinka, said at a press conference in Lagos on Monday that merger […]
Mortgages
UK home prices unexpectedly rose in December
ByAgency Reporter Monday, 3 Jan 2011 LONDON: United Kingdom house prices unexpectedly posted their first gain in seven months in December as values rebounded from declines, a report by Nationwide Building Society showed. According to Bloomberg on Friday, the average cost of a home rose by 0.4 per cent from […]
Crisis looms in Afribank as defunct Agents threaten class action over allowance
Savings Agents recruited by Afribank Nigeria Plc (Afribank) under the auspices of A-Save Forum has threatened class action against the Bank over unpaid allowances. The Agents who were recruited by the bank in year 2008 made this affirmation to investadvocate recently in Lagos Nigeria. This was contained in a letter […]
