* 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 […]
Tag: Nigeria
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 […]
ETI Board Reaffirms Confidence in Chairman
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Board of Directors of Pan African Bank, Ecobank Transnational Incorporated (ETI) Tuesday reaffirmed its confidence in Kolapo Lawson, Chairman of the bank. ETI in a Statement made available to InvestAdvocate said its Board of Directors has reviewed issues relating to two financial transactions involving […]
