Friday, August 17, 2018

Video - Nigeria to recapitalize Federal Mortgage Bank to spur sector

In Nigeria, the government plans to recapitalize the Federal Mortgage Bank with 1.4 billion dollars as commercial bank lending to property developers shrinks. Total bank lending rate for real estate development in the west African country contracted by 11 percent between 2015-2017-spreading fear of a worsening housing deficit.

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