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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory more

Nigeria’s banking model review

Posted on 14 September 2010

From Reuters: Nigeria will stop issuing universal banking licences next month and enforce new minimum capital requirements for lenders in a bid to avoid a repeat of last year’s near collapse of several banks.
The aim is to separate banks’ core lending business from more speculative capital market activities — such as stock broking, asset management, private equity and venture capital — to protect depositors’ funds……………………………………….Full Article: Source

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