Exposure Draft On The Regulation For The Operations Of Mortgage Guarantee Companies In Nigeria

Proshare

Friday, October 19, 2018 10:25 AM / CBN

 

In an effort to promote mortgage financing and advance home ownership, the Central Bank of Nigeria (CBN) is proposing the introduction of Mortgage Guarantee Companies (MGCs) in Nigeria. 

MGCs are designed to deepen the mortgage market through increased access to mortgage finance and enhancing credit risk with mortgage lending institutions. This is in furtherance of the CBN's objective of promoting affordable financing and a safe and sound financial system. 

The Exposure Draft on the Regulation for the Operations of Mortgage Guarantee Companies MGCs in Nigeria is hereby issued for comments and observations. 

We would be pleased to receive comments on the draft guidelines through the Director, Financial Policy and Regulation Department, Central Bank of Nigeria, Abuja by Friday, October 26, 2018. Softcopies of your comments may also be forwarded to cnwanja@cbn.gov.nq and magiwa@cbn.gov.ng

Download Full Circular Here – Regulation of the Operation of Mortgage Guarantee Companies in Nigeria


Proshare Nigeria Pvt. Ltd.


Related News

1.       Setting the Stage for Affordable Housing in Africa

2.      Eko Atlantic City: 5 Things to Note

3.      Family Homes Funds Investing To Provide Homes and Jobs

4.      The Construction Sector - Increased Activities As Elections Draw Closer

5.      Properties For Sale/Lease In Mushin and Isolo By Law Firm

6.      Incremental Steps to Cut The Housing Deficit

7.      3 Factors That Dominate the Real Estate Market

8.     Nigeria’s Construction Sector in June

9.      5 Amazing Reasons you should Invest in Lekki

10. Increase in Construction Activities Expected As Elections Draw Closer
READ MORE:
Related News
SCROLL TO TOP