Posts Tagged With: Central Bank of Nigeria
Finally Islamic banking or Interest-free banking begins
culled from Nigeria revolt After months of controversy generated by the introduction of the non-interest banking in the country, also known as Islamic banking, Jaiz Bank Plc quietly opened its doors for business on Friday, January 6, 2011 in Abuja, the Federal Capital Territory (FCT). The bank, which has its head office in [...]
VARIOUS SUBSIDY FIGURES…which is the true figure?
The actual bill for fuel subsidy in 2011 was N1.73 trillion, the Central Bank of Nigeria (CBN) said Tuesday. Various figures had been claimed by government officials, ranging from N1.3 trillion to N1.5 trillion as against the N245 billion provided for in the 2011 Appropriation Act. Deputy Governor of the CBN, Mr. Kingsley Moghalu, who [...]
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