The nation’s external reserves have dropped by $1.8bn within the space of three months, according to the latest data from the Central Bank of Nigeria. The data posted on the CBN’s website on Tuesday showed that the foreign reserves dropped by $1.8bn from the peak of $48.85bn on May 2 […]
World News
New rules, products lay groundwork for Nigeria Islamic finance sector
* Largely untapped market of over 80 million Muslims * Use of Islamic banking windows set to increase * Much of regulatory framework now established * First sukuk may come soon * Short-term liquidity management products under development Nigeria is gradually opening up to Islamic finance, a move that could […]
Excerpts: Afrinvest 2013 Banking Sector Report — “Standing on the 4th Pillar”
2012 Banking Landscape In 2012, Nigerian banks management faced the challenge of trying to beat high earnings expectations which encouraged them to leverage on the high yield environment and increase exposure to fixed income securities in order to maximize tax free returns. We expect this “treasury focused” investment strategy to […]
