Tag Archives: banking industry

“The signing into law of the bill for using movable assets as collateral, popularly known as Collateral Registry Act has been described as moves in the right direction, by financial experts.”- The Guardian The law, which came on the realization that small business, estimated to have employed over 60 million Nigerians and accounted for 48 per cent of the nation’s ...

“Nigeria’s mortgage lenders are buckling under the weight of unpaid loans as job losses and inflation, which are at a near record-high, hinder the ability of customers to settle their debts.”- Business Day “They are just struggling to survive,” Adeniyi Akinlusi, president of the Mortgage Banking Association of Nigeria, said in an interview in Lagos, the commercial capital. “A lot ...