The nation’s quest of becoming the hub of Islamic banking in West Africa received a boost on Monday, as the Central Bank of Nigeria (CBN) and other relevant agencies concluded plans to issue the first first licence within the next 18 months.
CBN governor, Mallam Lamido Sanusi, said plans were underway to license the first Islamic bank in Nigeria. “We are working with the Debt Management Office. The Central Bank is collaborating with them on capacity building. We do have a target of issuing a first sovereign sukuk in Nigeria within 18 months,” he said……………………………………….Full Article: Source