The Bank of Industry (BOI) announced on February 9 that it has secured regulatory approval from the Central Bank of Nigeria to operate a Non-Interest Banking (NIB) Window. The announcement, however, has since sparked a wave of reactions from Nigerians. According to BOI, the NIB window will expand access to ethical, asset-backed, interest-free financing designed …
The Bank of Industry (BoI) has secured regulatory approval from the Central Bank of Nigeria (CBN) to operate a Non-Interest Banking (NIB) Window, a move that marks a major milestone in the bank’s growth and long-term development strategy. In a statement, the BOI said the approval allows it to formally commence non-interest banking operations. The …
By Esther Ososanya Jaiz Bank Plc, Nigeria’s pioneer non-interest (Islamic) bank, has unveiled a new corporate identity. The event, held on Tuesday at the bank’s Corporate Head Office in Abuja, marked what the bank described as a “defining milestone” in its 14-year journey of ethical banking. Managing Director and Chief Executive Officer, Dr. Haruna Musa, …
