Nigeria

Standard Bank unit wins Nigerian sharia licence

By Maram Mazen Khartoum Stanbic IBTC Bank, a unit of JSE-listed Standard Bank, has won approval from Nigeria’s central bank to provide Islamic banking services in Africa’s most populous nation. A preliminary licence was awarded to Stanbic last week for a sharia-compliant banking window, the first one given to a commercial bank in the country, Central Bank […]