The Central Bank of Nigeria (CBN) has requested for the support and cooperation of the Central Bank of Sudan (CBOS) for the implementation of Islamic banking (non-interest banking) in Nigeria.
Many may not be conversant with the practice of a banking system that prohibits the charging of interest, focuses on investment made in the private sector through interest-free financing, is built on Sharia principles, and not the least, the details of ho
Even as the Central Bank of Nigeria (CBN) has indicated that it will henceforth allow banks to operate in their core areas of competence, not a few finance sector analysts have applauded that it is a development that would herald the birth of internationa
Great reprieve is coming on the way of investors, potential investors, banks and other financial operators and analysts as the Chartered Institute of Bankers of Nigeria and Lotus Capital Limited collaborate to unveil the immense benefits and opportunitie
Governor of the Central Bank of Nigeria (CBN), Lamido Sanusi Lamido, has offered an insight as to why proposed Islamic bank, Jaiz International Plc, is yet to be granted operational licence.
The Central Bank of Nigeria (CBN) said the new phase of reforms will positively impact on the provisions and requirement of Islamic banking, and hasten the progress of that arm of banking.
Strategic foreign investors, eyeing stakes in Nigeria\'s financial sector, have requested from Central Bank of Nigeria (CBN), details of regulations governing operations of Islamic banking.
Central Bank of Nigeria (CBN) may have issued a no objection response to the proposal by a group of Nigerian investors to promote the nations premier Islamic bank, Jaiz Bank
