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Tag Archives: Guarantor

FMBN moves to acquire N500 billion capital in 5 years

FMBN

The federal government plans to inject N500 billion into Federal Mortgage Bank of Nigeria (FMBN) putting in N100 billion annually over the next five years as part of efforts to address the housing deficit of the country. Chief executive officer of FMBN, Ahmed Musa Dangiwa, said the mortgage bank was expecting proposals on its recapitalisation, as well as a reorganisation ...

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