Economic Confidential

Understanding Islamic finance

Islamic finance is founded on Shariah principles which express an explicit intention to meet the financial needs of participants with integrity and in a manner that is just, fair, trustworthy and honest, while ensuring a more equitable wealth distribution.   Shariah...

Garlands For Transcorp Hilton Abuja

At a ceremony in Nairobi, Kenya, Transcorp Hilton Hotel Abuja was voted Nigeria's Leading Hotel Transcorp Hilton Abuja has been honoured with the prize of 'Nigeria's Leading Hotel 2013' awarded by World Travel Awards. Based on travel experts reviews and guests...

Tackling Labour Issues

The Director General of the Bureau of Public Enterprises, Mr. Benjamin Dikki, has revealed that the Federal Government has spent about N609,398,074,485.63 between 2000 and 2013 in settlement of labor liabilities in privatized public enterprises. Speaking after a meeting...

Flexible Mortgage

The Federal Mortgage Bank of Nigeria says operators in the informal sector of the economy now has the opportunity of accessing mortgage loans based on certain conditions At a time when both government and businesses are struggling to fill the...

CBN Designates Eight Banks ‘Too Big to Fail’

The Central Bank of Nigeria (CBN) has designated First Bank of Nigeria Limited, Guaranty Trust Bank Plc (GTBank), Zenith Bank Plc, United Bank for Africa Plc (UBA), Access Bank Plc, Skye Bank Plc, Ecobank Nigeria and Diamond Bank Plc...

NIBSS Processes N9.3trn Electronic Transactions

The electronic payment landscape in Nigeria has continued to be on the ascendancy as the Nigerian Interbank Settlement System Plc (NIBSS) has conducted over 14 million transactions between November 2012 to October 2013 valued at  over N9.3 trillion, recording...
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