CBN Announces Plans to Establish More Shariah-Compliant Banks in Nigeria
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#d596ab89 ver:0.12

The Central Bank of Nigeria (CBN) plans to establish more Shariah-compliant banks in the country to promote Islamic financing and ensure financing reaches the grassroots. However, there are concerns about the omission of crucial capital requirements in the bank recapitalization program. The CBN also introduced a new policy mandating the linking of bank accounts to Bank Verification Numbers (BVNs) and National Identity Numbers (NINs) for enhanced security. The National Insurance Commission (NAICOM) faces funding challenges, while the Nigeria Data Protection Commission (NDPC) investigates unauthorized access to personal data. The National Film and Video Censors Board (NFVCB) partners with the News Agency of Nigeria (NAN) to promote film classification reforms. The Nigeria Deposit Insurance Corporation (NDIC) collaborates with the Ministry of Youth Development to deepen financial inclusion. Former NBA president Olisa Agbakoba emphasizes the need for stable policies and urgent action in key areas. The Social Democratic Party (SDP) criticizes the mass sack of CBN staff. #Nigeria #CBN #IslamicFinance #Banking #DataProtection #FilmIndustry #FinancialInclusion...

#newstr #CentralBankOfNigeria #ShariahcompliantBanks #IslamicBanking #NigeriaEconomy 

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