CBN Governor Olayemi Cardoso announces plans for increased Islamic banking in Nigeria.
CBN Governor Olayemi Cardoso reveals that the financial sector in Nigeria will witness more Islamic banking, noting that the first person who spearheaded the journey was a pastor, not an attempt to "Islamise" the country. The CBN has seen the benefits of Shariah-compliant banks and considers more for approval, as existing Islamic banks like Jaiz, Tajj, and Alternate Bank have stood the test of time.
June 02, 2024
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