By Agency Reporter An Islamic Scholar and University of Ilorin Lecturer, Dr Ibraheem Abikan, has said that Islamic banking was first licensed in the South-West zone in 1963. Abikan made the disclosure on Monday in Ibadan while delivering the 13th Ramadan Lecture entitled, “Viability of Islamic Banking in Nigeria, Issues, […]

By Udeme Ekwere with agency report The Asset Management Corporation of Nigeria has said it expects the five remaining Deposit Money Banks rescued by the Central Bank of Nigeria in 2009 to hold Extraordinary General Meetings on September 30, 2011, for shareholders to vote on their respective recapitalisation deals. The […]

By Okechukwu Nnodim with agency reports Nigeria’s headline inflation unexpectedly fell in July, data showed, reaching its lowest level for more than three years following an aggressive period of monetary tightening by the Central Bank of Nigeria. Gains in consumer prices eased to 9.4 per cent year-on-year from 10.2 per […]