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Islamic Finance Briefing - Categorized | Banking, Capital Market (Equity, Mutual Funds) more

Jaiz Islamic Bank of Nigeria plans to raise more capital

Posted on 09 July 2012

Jaiz Bank Plc of Nigeria, which provides Shariah-compliant banking services, said it plans to raise 8 billion naira ($49.7 million) to expand its operations.
“We are targeting between the end of July and early August to raise the capital,” Idris Isa, a spokesman for the Abuja- based bank, said today in a phone interview. The funds will be sought through private placement, he said………………………………………..Full Article: Source

 
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