Digital investment platform, i-invest, has boosted offerings in the Islamic finance segment of the capital market with the launch of its Mudarabah Term Deposit.
Kindly share this postCentral Bank of Nigeria (CBN) has recovered N264.04 billion from borrowers under its development financing programmes in the first six months of 2023. According to the CBN’s Half-Year Economic Report for 2023, this was 27.4 per cent higher than the N207.33 billion recovered in the same period of the previous year. The […]
Kindly share this postThe Securities and Exchange Commission (SEC) has said Nigeria has the potential to join the leading global Islamic finance jurisdictions. Mr. Lamido Yuguda, Director General, SEC, said this when the Commission in collaboration with the Islamic Financial Services Board (IFSB), hosted the inaugural SECN-IFSB International Forum 2023, in Abuja. The event brought […]
Kindly share this postNaira on Wednesday hit a record low of N1,043.09 per dollar, following strong demand for the greenback amid dollar shortage at the official foreign exchange (FX) market. After trading on Wednesday, the local currency depreciated by 19.54 per cent as the dollar was quoted at N1,043.09 compared to N872.59 quoted on the […]