The Chairman, Board of Directors of the Federal Mortgage Bank of Nigeria (FMBN), Chief Bisi Ogunjobi, has revealed that the National Housing Fund (NHF) had raked in about N22 billion from contributions by Nigerians hoping to own houses through mortgage. Of the amount, N5 billion or 40 per cent of […]
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DMO to Raise $1.56 Billion in Three Months
Despite the lull in activities in the bond market, the Debt Management Office (DMO) plans to raise to raise between N140 billion ($870 million) and N250 billion ($1.56 billion) over the next three months, its issuance calendar for FGN bonds for Q3 2013, has revealed. When compared with the range […]
NAICOM Sanctions 48 Insurance Firms over Reporting Deadline
Forty six insurance companies and two reinsurance firms have been sanctioned for failing to meet the June 30, 2013 deadline for the submission of their 2012 financial reports to the National Insurance Commission (NAICOM). The companies were respectively made to pay a daily fine of N5, 000 for all the […]
