Sun Feb 22, 2015/Reuters Cameroon’s Afriland First Bank, the country’s largest financial group, has launched the Central African state’s first Islamic window as the availability of sharia-compliant financial products expands across the continent. African markets are gradually opening to Islamic finance, buoyed by governments’ debut sales of sovereign Islamic bonds […]
Money Market
CBN Unveils Guidelines for Islamic Finance Advisory Institutions in Nigeria
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Friday unveiled guidelines on the governance of financial regulation advisory council of experts for non-interest (Islamic) financial institutions in Nigeria. The CBN in a circular said “An essential governance structure and element of regulatory oversight for institutions offering […]
More pressure on naira as market loses $800m
The removal of about $800m from the foreign exchange market following the closure of the Retail Dutch Auction System and Wholesale Dutch Auction System window by the Central Bank of Nigeria will put further pressure on the naira, analysts have said. In a move to calm the forex market, the […]
