From Nigerianbulletin.com: The Central Bank of Nigeria (CBN) placed restrictions on banks opting to offer Sharia and non-interest banking services. The restrictions were contained in a circular titled: “Framework for the Regulation and Supervision of Institutions Offering Non-Interest Financial Services in Nigeria,” issued to all banks by CBN’s Financial Policy and Regulation Department and posted on its website.
The apex bank stated in the circular which encouraged conventional banks and other financial institutions operating in Nigeria to offer or sell Shariah-compliant products and services through subsidiaries, windows or branches only……………………………………….Full Article: Source