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Nigeria: Islamic banking: CBN, NDIC finalise regulatory framework

Posted on 14 December 2010

From Tribune.com.ng: The stage is now set for the introduction of Islamic banking in the country. This follows the conclusion of the regulatory framework and deposit insurance scheme by the Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) respectively.
Islamic or non-interest banking is one of the specialist banking segments recognised in the new banking model recently introduced by the CBN, alongside investment banking, mortgage banking, microfinance banking, among others……………………………………….Full Article: Source

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