LivingTrust Mortgage Bank Plc posted a profit after tax of N533.3 million in the 9 months period of 2021, representing a 372% surge compared to N112.92 million recorded in the corresponding period of 2020. This is according to the recently released interim financial statement for the period ended 30th September 2021, obtained from the website […]
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Bears maintain dominance on NSE, market drops further by N15bn
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The bears maintained leadership on the Nigerian Stock Exchange (NSE) on Wednesday with investors losing N15 billion due to persistent profit taking on blue chips.
Specifically, the market capitalisation dipped N15 billion or 0.07 per cent to close at N21.169 trillion in contrast with N21.184 trillion recorded on Tuesday.
Also, the All-Share Index dropped 29.03 points or 0.07 per cent to close at 40,465.32 from 40,494.35 posted on Tuesday.
The month-to-date loss increased to 4.6 per cent, while the year-to-date gain moderated to 0.50 per cent.
The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are Beta Glass, Japaul Gold, Fidson Healthcare, Consolidated Hallmark Insurance and Vitafoam.
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Affordable housing: Mortgage Bank seeks partnership with FMBN to boost home scheme
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From left, Group Head Loans and Mortgages, Federal Mortgage Bank of Nigeria (FMBN), Dr. Mohammed Jibo Ibrahim; Managing Director, LivingTrust Mortgage Bank Plc, Mr. Adekunle Adewole; and Executive Director, FMBN, Mr. Melville Ebo, at a collaborative meeting on bridging the housing gap, in Abuja, on Thursday.
By Olasunkanmi Akoni
A mortgage lender firm, LivingTrust Mortgage Bank Plc, has canvassed collaborative efforts among stakeholders to eliminate identified obstacles to the growth of the nation’s real estate sector.
The firm made the call when the Managing Director of the bank, Mr. Adekunle Adewole, met with the leadership of the Federal Mortgage Bank of Nigeria (FMBN), on Thursday, to discuss areas of mutual collaboration between the two leading mortgage institutions.