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Tag Archives: Mortgage in Nigeria

Nigeria mortgage agency seeks approval to raise capital

Nigeria mortgage agency

Nigeria Mortgage Refinance Company (NMRC) will seek approval from members by month-end to raise additional equity capital of 28.5 billion naira ($143 million) through a shelf registration programme, the state-backed mortgage agency said on Monday. NMRC set a price range of 4.50 to 7 naira per share for the first tranche of equity to be raised under the programme worth ...

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The Federal Mortgage Bank of Nigeria: An Overview

Federal Mortgage Bank of Nigeria

Housing sector plays a critical role in the development of an economy. It not only affects the welfare of the citizens but also the performance of other sectors of the economy. It is one of the three most important basic needs of man, the others being food and clothing. Consequently, greater attention is being given by governments in the delivery ...

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