Category Archives: CBN Feed Subscription

• Social Security on the way to Nigerians

  3Invest Media April 14, 2014

  

  NIGERIANS, particularly those at the lowest and lower rungs of the social ladder in the country, are soon to begin to count their blessings as they would begin to enjoy the benefits of a social security scheme that can guarantee a basic livelihood as currently being enjoyed by their counterparts in developed nations across the world and oil -rich countries... Read more »

• ASO Savings emerge as a National Mortgage Bank

  3Invest Media March 3, 2014

  

  Following the recapitalization of the Mortgage Banks, ASO Savings and Loans  is now a national mortgage bank with plans to  build up their mortgage loan portfolio and aggressively expand to all states of the federation. “With our successful recapitalisation, meeting the CBN’s N5 Billion minimum requirement for PMIs, ASO is reinvigorating its three-year plan of expanding its business operations all... Read more »

• CBN bars NMRC from Real Estate Construction Financing

  3Invest Media February 2, 2014

  

  Exactly 15 days after President Goodluck Jonathan inaugurated the Nigeria Mortgage Re-finance Company Plc in a bid to tackle housing deficit, the Central Bank of Nigeria has barred the company from financing real estate construction and a number of activities. As a financial institution, the MRC will be under the regulation and supervision of the CBN. The CBN, in a 42-page regulatory... Read more »