CBN seeks to reduce credit risk in mortgage finance

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  • CBN seeks to reduce credit risk in mortgage finance
    CBN seeks to reduce credit risk in mortgage finance

    THE Central Bank of Nigeria (CBN) has announced the introduction of Mortgage Guarantee Companies (MGCs), aimed at reducing credit risk in the mortgage finance sector as well as increase access to mortgage loans. The new firms, according to the CBN will operate with minimum capital base of N6 billion […]

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