Mortgages

LBIC Gets New Board of Directors; Appoints Hakeem Ogunniran as Chairman

Culled—Proshare June 11, 2020 By LBIC The Management of the Lagos Building Investment Company, LBIC Plc, has announced the appointment of Mr Hakeem Ogunniran, Mrs Bolanle Banjo and Mr Adewale Okesola as Directors of the Bank. The appointment, contained in the statement released by the Mortgage Bank on Wednesday, 10th […]

Banks in AAA Jurisdictions Face Rising Household Debt Risk-Fitch

April 16, 2019/Fitch Ratings Banks in several ‘AAA’ rated countries face rising risk from the household sector amid a build-up of financial imbalances, Fitch Ratings says in a new report. In Australia, Canada, Norway and Sweden, high household debt amid slowing housing markets represent a growing risk to banks in […]

CBN Unveils Code of Corporate Governance for Primary Mortgage Banks in Nigeria in Nigeria

October 30, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Tuesday unveiled a code of corporate governance for Primary Mortgage Banks (PMBs) and other financial institutions in Nigeria. The apex bank on February 2018 issued an exposure draft on the codes of corporate governance for other financial […]