The Central Bank of Nigeria has listed 34 firms as licensed primary mortgage banks in Nigeria.
The CBN said some of the micro finance banks were either indebted, distressed or voluntarily liquidated.
Sometime in September, the CBN gave a notification to revoke the operating licences of 182 other financial institutions in the country, of which six PMBs were included.
According to the Apex Bank, seventeen of the Primary Mortgage Banks are in Lagos; eight in Abuja; two in Akwa Ibom ; while Oyo, Delta, Ogun, Kebbi, Jigawa, Abia and Osun have one each.
Advertisement
Primary Mortgage Banks are financial institutions that give loans to housing and real estate builders.
Related posts:
CBN, Commercial banks sensitise Ondo residents on digital banking in Ondo
Banking practice : Nigerian banks yet to meet IFRS 9 deadline
Licensed Customs agents demand speedy modernisation of ports
Licensed agents leadership condemns ban on third party arrangement
Law-abiding citizens should be allowed to carry licensed automatic weapons – Ortom
CBN sets ₦6bn minimum capital requirement for Mortgage Guarantee companies
CBN Governor lists benefits of Border Closure, as Buhari set reopening date
CBN set to redesign regulations to curb cyber crimes and technological risk
