Home Topics Mortgage
The Central Bank of Nigeria says it has retained the minimum 65 per cent of Loan Deposit Ratio in the interim.
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.
A new directive by the Central Bank mandates Nigerian banks to give N65 as loans for every N100 they have as deposits.
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 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.
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.
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.
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.
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.
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.
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.
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.
The normally bustling markets have thinned out and the notoriously clogged roads are eerily free: Lagos is lurching towards shutdown as Nigeria tries to prevent the spread of coronavirus.
Prof. Akin Abayomi, the State Commissioner for Health, made this known on his Twitter handle
The Muslim Rights Concern (MURIC) has supported the call by Minister of Internal Affairs, Mr Rauf Aregbesola, for decongestion of Correctional Centres to prevent the spread of COVID-19.
Taraba State Governor Darius Ishaku has banned travel in and out of the state with effect from Sunday, March 29th until further notice.
The United States Embassy in Nigeria says the recent emergency visa appointment for medical professionals is only for individuals with approved H or J petition.
South Africa saw a dip in foreign direct investment in 2019 compared to the previous year, with inflows falling to 66.8 billion rand ($3.78 billion) from 72.1 billion rand, the central bank said on Tuesday.
German Chancellor Angela Merkel says she is missing personal contact with colleagues while working from home during the coronavirus pandemic.
The Lagos State Government has paid the sum of N1. 8 billion accrued pension rights into the Retirement Savings Account (RSA) of 418 Retirees for the month of March.
Comedian Ayo Makun, aka, AY, has on Wednesday advised that politicians with coronavirus should be taken to the poor health centres they built for the poor masses.
The Nigeria Security and Civil Defence Corps (NSCDC), Borno Command, has deployed 250 personnel to create awareness on coronavirus in the Internally Displaced Persons (IDPs) camps in Maiduguri.