
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…
CBN lifts restrictions on mortgage refinancing by MRCs