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Nigeria: Islamic banking - CBN to Issue final framework

Posted on 17 December 2010

From Allafrica.com: The Central Bank of Nigeria said it will soon release its final regulatory and supervisory framework for the effective operation of non-interest or Islamic banking in Nigeria.
Special Assistant to the CBN governor on Non-interest Banking, Dr. Bashir Aliyu Umar, said the Islamic Banking sector worldwide, had grown at a stronger rate of 15-20 per cent annually over the past decade, from about 150 billion dollars in the mid-1990s to an estimated 780 billion dollars in 2009, adding that its assets are expected to grow by more than 20 per cent to 950billion dollars in 2010……………………………………….Full Article: Source

 
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