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Monthly Archives: March 2017


  As stakeholders in the housing sector continued to think outside the box on how to discern quality and affordable housing, the 11th Abuja Housing Show will bring to limelight different kinds of opportunities as seasoned experts meet to chart a new way forward come

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Non-performing mortgage loans rise to N94bn

Mortgage lenders are buckling under the weight of unpaid loans as job losses and inflation near a record high hinder the ability of customers to pay off their debts, Bloomberg has reported. At least 55 per cent of the mortgage industry’s N94bn loans are classified

AMCON recovers N682bn bad debts in six years – CEO

The Asset Management Corporation of Nigeria has recovered N681.5bn of non-performing loans in the last six years of its existence, the Managing Director/Chief Executive Officer of the corporation, Mr Ahmed Kuru, has said. The recoveries, he said, were made from debtors in the form of

Two CBN directors arrested for forex manipulation

The Economic and Financial Crimes Commission has arrested two directors of the Central Bank of Nigeria for alleged forex manipulation and economic sabotage. Impeccable sources at the EFCC told one of our correspondents on Wednesday that the directors were still in custody as of press

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