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i-invest boosts Islamic finance with Mudarabah term deposit

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. ....

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Intervention Loans: CBN Recovers N264.04bn from Borrowers

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 […] ....

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SEC says Nigeria's Potential for Islamic Finance Jurisdiction Outstanding – Nigerian CommunicationWeek

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 […] ....

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Naira Crashes to All-time Low to N1,043.09/$ at Official Market

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 […] ....

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SEC: Nigeria's Potential for Islamic Finance Jurisdiction Outstanding

SEC: Nigeria’s Potential for Islamic Finance Jurisdiction Outstanding ....

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