Nigeria: CBN Lifts Restrictions On Mortgage Refinancing By MRCs

29 October 2020

The Central Bank of Nigeria (CBN) yesterday, said it has lifted the restriction on Mortgage Refinance Companies, MRCs, against refinancing mortgages of non-shareholder banks Mortgage Refinance Companies, MRCs, from.

The apex bank disclosed this in a circular titled: "Regulatory and Supervisory Framework for the Operations of a Mortgage Refinance Company (MRC) -Approval to refinance non-member Bank."

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