Managing Director of the Nigerian Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim recently said about N16 billion has been set aside by the corporation to ensure the sustenance of primary mortgage banking in the country. He decried the continued low contribution by the micro-finance banks operators both in the North-east […]
Tag: Mortgage Banks
Pension Funds May Be Invested In Mortgage Banks
The Central Bank of Nigeria (CBN) will soon adopt a comprehensive reforms package for mortgage banking to reposition the sector for growth, spokesman Ugochukwu Okoroafor has said. Okoroafor said the reforms would not only be all-inclusive, but would transform the practice of mortgage banking. The reforms, he said, would address risks management, […]
Nigeria’s Central Bank Plans N5.0 billion Capital Base for Mortgage Banks
By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Thursday said it will set a N5.0 billion minimum Capital requirement for Mortgage Banks. This is contained in CBN’s Circular affirming it has approved an exposure draft of the regulatory and supervisory framework for the operations of a mortgage […]
