Home Topics Mortgage

Mortgage

Central bank deducts N500 billion from Zenith, GTB, Citibank, UBA, 8 others

The Central Bank of Nigeria has deducted N500 billion from the accounts of 12 banks for failing to meet the target to provide credit to their customers.

Central bank mandates commercial banks to give out more loans

A new directive by the Central Bank mandates Nigerian banks to give N65 as loans for every N100 they have as deposits.
Adams Oshiomhole

Adams Oshiomhole: Despite economic growth, poverty level still high in Nigeria

There is still high rate of poverty in Nigeria despite government’s effort in pulling the country out of recession, the national chairman of the All Progressives Congress (APC), Adam Oshiomhole, has said.

Lagos chamber: Central bank lending rate will normalise credit market, economic growth

Lagos Chamber of Commerce and Industry (LCCI) says the lending policy of the Central Bank of Nigeria (CBN) will normalise the credit markets, spur economic growth and broaden the interface between entrepreneurs and the banking industry.

Central bank pegs remunerable bank deposits at N2 billion

The Central Bank of Nigeria has pegged bank deposit placement through its Standing Deposit Facility (SDF) at N2billion, saying that any amount in excess of that will not attract interest payment.

Central bank intensifies pressure on banks to lend to the economy

In a bid to further stimulate lending to the economy, the Central Bank of Nigeria, CBN, yesterday, said bank deposit placement through its Standing Deposit Facility, SDF, in excess of N2 billion will not attract interest payment.

Kaduna APGA candidate denies collecting money to mortgage candidature

Less than two weeks to the general elections, gubernatorial candidate of the All Progressives Grand Alliance (APGA) in Kaduna State, Polycarp Gankon, has denied the rumour making round in the state that he has collected money to mortgage his candidature.
Ngozi Olejeme

Court orders interim forfeiture of Ngozi Olejeme’s assets

A Federal High Court presided over by Justice Ijeoma Ojukwu has ordered the interim forfeiture of assets and properties traced to Ngozi Olejeme, a former chairman of Nigeria Social Insurance Trust Fund, NSITF.
election inec nigeria

NGE urges INEC to be loyal to Nigeria, not political parties

Ahead of the 2019 general elections, the Nigerian Guild of Editors (NGE) has advised the Independent National Electoral Commission (INEC) to be truly independent and show its loyalty to Nigeria and neither to any particular politician nor individuals.

MGCs: CBN pegs minimum capital at N6 billion

The Central Bank of Nigeria (CBN), has said that companies seeking licenses as Mortgage Guarantee Companies (MGCs), shall maintain a N6 billion minimum capital in addition to N100,000 non-refundable application; non-refundable licensing fee of N1 million; and N50,000 change of name fee.

Nigerian sues Oxford University over wrong dictionary definition

An activist, Ogedi Ogu, has asked a Lagos High Court Igbosere, to order Oxford University Press to pay N10 million as damages, over alleged wrong word definition.

Recent Stories

Nasarawa State Governor, Abdullahi A. Sule

Appeal Court upholds Nasarawa governor’s election

The Court of Appeal sitting in Makurdi has upheld the decision of the election petition tribunal affirming the election of Abdullahi Sule as governor of Nasarawa State.
Kidnap Victim

Bandits abduct university engineer in Anambra

An engineer in the employ of Nnamdi Azikiwe University, Awka, Anambra State, Emeka Chiaghana, has been abducted.
APC Nigeria Supporters

Edo APC exco sacks Anselm Ojezua, elects David Imoise as acting chair

The crisis rocking the Edo State chapter of the All Progressives Congress (APC) has got messier with State Working Committee of the party passing a vote of no confidence in the state chairman, Anselm Ojezua.
US President Donald Trump on Thursday brushed off North Korea’s test of a sea-launched ballistic missile, saying that planned nuclear talks with Pyongyang will go ahead.

Donald Trump open to deal with democrats over Barack Obama’s DACA programme

President Donald Trump on Tuesday signalled that he would be open to striking a deal with Democrats on the Deferred Action for Childhood Arrivals (DACA) programme if the U.S. Supreme Court were to uphold his decision to repeal the initiative.

Former minister urges federal government to restore sports commission

Former Minister of Sports, Bolaji Abdullahi, has said that the restoration of the governing system of the National Sport Commission (NSC) remains the best way of managing sports in Nigeria.