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2022 June

  • CBN’s new monetary rate to increase cost of housing, home financing

    • June 24, 2022
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    • Category: Uncategorized
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    Ripple effects from the Central Bank of Nigeria’s increase of the Monetary Policy Rate (MPR) is expected to affect cost of living, which will impact on property prices and home financing. The apex bank recently raised the benchmark interest rate by 150 basis points from 11.5 per cent to 13 per cent. MPR is the

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  • How new money laundering law will impact on real estate

    • June 3, 2022
    • Posted by: admin
    • Category: Real Estate
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    Following the President Muhammadu Buhari’s signing into law the Money Laundering (Prevention & Prohibition) Bill, 2022, property brokers, estate surveyor and valuers, appraisers and other practitioners have been charged to imbibe the tenets of the law and halt illegal cash flow through the real estate industry. Specifically, they were urged to ensure due diligence on

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