FMBN launches non-interest mortgage in Kano
Nigeria’s apex housing finance institution, the Federal Mortgage Bank of Nigeria FMBN has launched its first Non-interest product in Kano called Ijarah Muntahia Bittamleek also known as Lease-to-Own. According to the bank, the conventional interest-based mortgage model does not align with the personal convictions of some Nigerians arising from affordability, limited access, prompting the bank […]
We haven't written up this one. Daily Trust has the full story — the link below goes straight to it.
