NIGERIA has been ranked 120th out of a total of 177 in the latest Index of Economic Freedom survey conducted by the Wall Street Journal and the Heritage Foundation. Published annually, the index examines economic freedoms across the developing world and in the 2013 edition, after a slight improvement in […]
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CBN Inaugurates Council of Experts on Islamic Banking
In line with the guidelines for the regulation and supervision of institutions offering non-interest financial services based on compliance to the principles of Islamic commercial jurisprudence, the Central Bank of Nigeria (CBN) at the weekend announced the inauguration of the Financial Regulation Advisory Council of Experts (FRACE). A statement from […]
Banks to boost funding of agricultural sector
Deposit Money Banks in the country have pledged to increase financing for the agricultural sector, in a move considered to be a major step in ensuring the sustainable development of the sector. The banks made the commitment through the Bankers’ Committee’s Sub-Committee on Economic Development – at a special meeting […]
