Economy Mortgage

Housing Fund: IPPIS holds workers’ N26.6bn in 2 years – FMBN

The Federal Mortgage Bank of Nigeria (FMBN) says the Integrated Personal Payroll Information System (IPPIS) failed to remit N26.6 billion of workers’ contributory funds in two years. Managing Director of FMBN, Madu Hamman, announced this while appearing before the House of Representatives Ad hoc committee probing non-remittance to the National Housing Fund (NHF) and utilisation […]

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Foreign News Mortgage

UK house prices fall for 1st time since 2012 – Halifax

The average property price in the United Kingdom fell 1.0 per cent in May compared with the same period last year, the first annual decline since 2012, mortgage lender, Halifax said on Wednesday. Month-on-month, UK house prices remained flat in May, with average UK property now costing £286,532 ($357,000). Property prices have fallen by about […]

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