[GIST] Reps to raise FMBN’s capital to N100bn, allow private investors
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The House of Representatives is considering raising the capital base of the Federal Mortgage Bank of Nigeria from the current N5bn to N100bn. Also, the mortgage bank may also be opened to private investors and shareholders. These are proposed in the Federal Mortgage Bank of Nigeria Act (Amendment) Bill, 2021, sponsored by Chairman of the…
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