A mortgage refers to a legal agreement that conveys conditional right of ownership of a property (typically landed) by its owner to a lender as security for a loan (www.businesssdictionary.com). In Nigeria, where the majority of the citizenry are of the middle class socio-economic standing, purchasing a home fully funded by private capital might be [...]

ECONOMIC OVERVIEW 2017 The year 2017 saw the Nigerian economy come out of the recession that had plagued the country since the first quarter of 2016. In the second quarter of 2017, the Nigerian Bureau of Statistics recorded a 0.72% increase in the country’s real GDP which was an improvement compared to the negative figures that were previously recorded. [...]