Nigeria- Stanbic Wins Approval for Islamic Banking

Central Bank of Nigeria (CBN) Governor, Mallam Sanusi Lamido Sanusi yesterday said that Standard Bank of Nigeria has secured approval to set up an Islamic banking arm.

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Daily Champion recalled that the CBN governor had in the month of March 2011 said that he wanted to establish Nigeria as the African hub for Islamic banking and was working on a regulatory framework to emulate the success of the industry in Malaysia. Continue reading