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FMBN denies involvement in N40m mortgage scheme

The Federal Mortgage Bank of Nigeria has distanced itself from reports linking it to a N40 million mortgage pre-financing scheme offered by Housing Exchange Africa (HXAfrica). In a formal disclaimer issued on Saturday, FMBN clarified that it has not entered…

Power supply may not improve anytime soon

The power supply situation has further deteriorated across the country as another power plant has completely shut and there is no sign of increasing generation in the immediate future. Load-shedding or gap in power demand and supply hit the highest…

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