Tag Archives: LAPO

Following plans to introduce a public private partnership scheme that seeks to increase access to housing finance, the Central Bank of Nigeria (CBN) has selected 34 primary mortgage banks and 4 commercial banks to stimulate housing finance for low-income earners in the formal and informal sectors. The banks will join nine other micro finance banks in the ‘My Own Home’ scheme, ...

A new deal has been sealed between a cement firm, Messrs United Cement Company of Nigeria (UNICEM) and microfinance bank for the building of 5,000 new housing units in the country. The agreement between UNICEM through its shareholder Lafarge in collaboration with French Development Agency (AFG) provides a long-term credit line of N1 billion to LAPO Microfinance Bank for the ...