'Nigeria has lowest mortgage penetration'
The Minister of Lands, Housing and Urban Development, Ms. Amal Pepple has said Nigeria has one of the lowest mortgage penetration on the continent in terms of mortgage to debt at less than four per cent.
Nigerian interbank lending rates fell to 5.83 percent on average this week from 8.08 percent last week after fresh cash inflows from government agencies raised liquidity in the system, traders said on Friday.