FG raises mortgage ceiling to N85m, targets 2,000 loans annually

According to Darma, the new ceiling is expected to enable the Federal Mortgage Bank of Nigeria, FMBN, to approve at least 2,000 mortgages annually. It will also allow contributors to the National Housing Fund, NHF, to access up to 25 percent of their retirement savings accounts as equity for home ownership. The post FG raises mortgage ceiling to N85m, targets 2,000 loans annually appeared first on Vanguard News.

By Ayobami