04.07.2011 - Nigeria licenses first Islamic bank
The most revealing thing about the latest new guidelines for non-interest banking issued by the Central Bank of Nigeria (CBN) on June 21; the provisional license given to Jaiz International to launch the country's first Islamic bank subject to fulfilling the bank authorization requirements. And the revelation that the Nigerian Treasury's Debt Management Office is studying the possibility of the country issuing its debut sovereign sukuk within the next year or so, is not the provisions of the above developments but the reaction of Nigerians (presumably) commenting on the websites of local newspapers and other such outlets..............................................Full Article: Source
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