Money Market

W’Bank: Only 20% of Muslims Have Access to Financial Services

October 7, 2016/Thisday The Vice President and Treasurer of the World Bank, Arunma Oteh on Thursday disclosed that less than 20 per cent, which is approximately 1.6 billion Muslim population across the world have access to financial services. According to her, the growing products in Islamic finances are capable of closing […]

CBN Publishes H1 2016 Financial Stability Report

Culled—Proshare Executive Summary Global output growth in the first half of 2016 was sluggish and uneven, mainly because of the slow recovery of commodity prices and the impact of the British vote to exit the European Union. In many of the advanced economies, growth has remained depressed, but was divergent […]

CBN Approves Guidelines for Granting Liquid Asset Status to Sukuk Instruments Issued by State Governments

October 6, 2016/CBN In view of the need to foster financial system and economic growth and development, as well as complement the efforts of government at various levels, the Central Bank of Nigeria (CBN) has approved “Guidelines for Granting Liquid Asset Status to Sukuk Instruments Issued by State Governments”, to […]