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Nigeria : Much ado about Islamic banking

Posted on 27 June 2011

Even though a draft framework for non-interest banking was issued in March 2009 by the Central Bank of Nigeria (CBN), its position on Islamic banking did not become much of an issue until a few months ago when the final guidelines were released.
According to the acting director of banking supervision at the CBN, D.A. Eke, “The objective of the framework is to provide minimum standards for the operation of non-interest banking in Nigeria while serving as an exposure for comments, suggestions and/or inputs by stakeholders.”……………………………………….Full Article: Source

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