Tag
MORTGAGE LOANS
The Federal Government is proposing to increase the maximum mortgage loan available to Nigerians from N50 million to N85 million as part of efforts to expand access to homeownership and improve housing finance.
The modalities of the funding option are still being figured out, as the CBN work with deposit money banks to identify potential/eligible off-takers.
The Monetary Policy Committee (MPC) of the CBN holds its 269th meeting today and tomorrow, September 19 and 20, 2019.