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Impact of higher interest rates on mortgages in Nigeria

Analysts say the elevated interest rate environment in Nigeria is impacting the adoption of mortgages in the country and reducing access to affordable housing. ....

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'Nigeria must explore local building materials to reduce housing costs'

By Dayo Ayeyemi Nigerian government has been urged to start exploring local building materials as an effective way of reducing housing costs in the ....

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Breaking News | Operatives urge regulatory measures to stimulate mortgage sub-sector

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Mortgage operators have appealed for regulatory-induced fiscal and monetary measures that would stimulate the sub-sector towards sustainable development.
They also implored the Central Bank of Nigeria (CBN) to fast-track implementation of the Mortgage Interest Draw-Back Programme (MIDP), together with other policy measures that would moderate the cost of funds to single digit, on a consistent and sustainable basis.
The operators, under the aegis of the Mortgage Banking Association of Nigeria (MBAN), made the call in a seven-page communiqué after its Chief Executive Officers (CEOs) retreat in Lagos. The association plans to engage the CBN on specific modalities required to facilitate policy implementation, monitoring and impact assessment. ....

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