National Wire About Nigerians, Nigerian Business and Other Stories
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 as non-performing, according to the Nigeria Deposit Insurance Corporation. The President, Mortgage Banking Association of Nigeria, Adeniyi …
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