30 results
- 3 Nov 2021
PenCom Unveils Non-interest Fund Structure
The National Pension Commission (PenCom) has announced that it has introduced a Non-Interest Fund (Fund VI) into it existing four different investment fund structures. The Commission, also said it…
- 14 Nov 2025
SEC Partners FMBN Partner on Non-Interest Mortgage Framework
Securities and Exchange Commission (SEC) and the Federal Mortgage Bank of Nigeria (FMBN) have announced a strategic collaboration to develop a robust Non-Interest Mortgage (NIM) ecosystem. This…
- 3 Mar 2025
TAJBank Partners AIFC to Enhance Non-interest Banking, Agric Exports
TAJBank Nigeria has forged a strategic partnership with Astana International Financial Centre (AIFC) Kazakhstan, aimed at promoting non-interest banking, boosting Nigeria’s merchandize trade with…
- 12 May 2026
CBN Warns Non-Interest Banks against Governance, Compliance Risks
Central Bank of Nigeria (CBN) has warned non-interest financial institutions against governance and compliance risks capable of undermining public confidence and financial stability in the country’s…
- 18 Feb 2026
BoI Secures CBN’s Approval for Non-interest Banking Operation
Bank of Industry (BOI) has received approval from the Central Bank of Nigeria (CBN) to operate a Non-Interest Banking (NIB) Window. Theodora Amechi, bank’s divisional head, Public Relations, said the…
- 17 Jan 2014
Sterling Bank Selects Path Solutions’ iMAL Non-Interest Core Banking System
Sterling Bank, a full service commercial banking establishment in Nigeria, has selected Path Solutions' iMAL to support the launch of its new Islamic (non-interest banking) window. Path Solutions'…
- 26 Sept 2025
Amaanah Finance Company Gets CBN’s Licenses to Offer Non-Interest Banking in Nigeria
Central Bank of Nigeria (CBN) has granted an operational license to Amaanah Finance Company, authorising it to operate as a non-interest finance provider, a financial system that operates on profit…
- 1 Feb 2026
Amaanah Finance to Unveils Non-Interest Banking Services Today
Amaanah Finance, a non-interest finance bank, will on Monday officially commence operations, introducing a new ethical approach to investing, financing, and wealth creation in the country. The…
- 16 Jan 2016
NDIC Develops Framework for Non-Interest Deposit Insurance Scheme
Following the successful take off of the non interest banking in Nigeria that is currently being undertaken by Ja’iz Bank and also by Stanbic IBTC and Sterling Banks, the Nigeria Deposit Insurance…
- 3 Mar 2025
PenCom Inaugurates Committee to Drive Non-interest Pension Fund Development
The National Pension Commission (PenCom) has inaugurated the Pension Industry Non-Interest Advisory Committee (PINAC) to enhance the development of non-interest pension funds in Nigeria. Speaking at…
- 3 Oct 2023
TAJBank Leads in Tier-1 Capital, PBT
TAJBank, Nigeria’s fastest growing and technology-driven non-interest banking services provider, has again blazed a new trail in the non-interest banking space in half year of 2023, posting…
- 30 Jul 2024
Summit Bank, New Islamic Bank Gets CBN’s License
Summit Bank, a new Islamic bank has just received provisional licensing from the Central Bank of Nigeria (CBN), to operate non-interest banking, devoid of interest rates. Summit Bank brings to six…
- 28 Dec 2020
CBN to Charge Protection Fees on CNI-ABS
Central Bank of Nigeria (CBN) says it will charge protection fees from investors in its Non-Interest Asset Backed Securities. According to the Nation, one of the features of the CBN Non-Interest…
- 12 Mar 2024
CBN Warns Banks against Using Obsolete Circulars
Central Bank of Nigeria (CBN) has issued a warning to all deposit money banks, licensed non-interest banks and other authorised dealers over persistent use of superseded circulars and guidelines…
- 6 Sept 2021
LOTUS Bank Commences Operations in Three New Locations
With the simultaneous opening of three new locations in Lagos, LOTUS Bank Limited now has physical presence in four locations in Lagos. The newest and third Non-Interest Bank (NIB) in the country,…
- 13 Dec 2023
TAJBank Earns Highest Credit Ratings in NIB Sector
TAJBank Limited, Nigeria’s leading non-interest banking services provider, has again set a record with Bbb+ rating by the foremost rating agency – Agusto & Co -, thereby making the fast-growing…
- 30 Jun 2025
TAJBank Sustains Industry Feat, Pays 3rd Dividend
TAJBank Limited, Nigeria’s fastest growing non-interest bank, sustained its record-breaking feat in the nation’s banking history with the payment of 20 kobo per share dividend to its shareholders at…
- 28 Jan 2024
TAJBank, NIPOST Collaborate on PPP Initiatives
TAJBank Limited, Nigeria’s fastest growing non-interest banking services provider, and Nigerian Postal Service (NIPOST) have formalised a new public-private partnership (PPP) initiative with a view…
- 21 Feb 2012
Jaiz Bank Begins Operation in Abuja
Jaiz Bank Plc, Nigeria's first licenced Islamic bank has commenced full operation of non-interest commercial banking in Nigeria from three branches in Abuja, Kaduna and Kano. The introduction of…
- 18 Oct 2022
Jaiz Bank Pledges to Support Media on Equipment Financing
Jaiz Bank, Nigeria’s premier Islamic bank has offered to finance equipment-upgrade projects of media organisations in the country. The new Managing Director (MD), Mr. Sirajo Salisu, told journalists…
- 30 Jul 2019
Jaiz Bank Upgrades Core Banking Platform for Enhanced Performance
Path Solutions, the global Islamic banking software company, today announced that Jaiz Bank Plc., Nigeria’s premier non-interest (Islamic) bank has successfully upgraded its Islamic core banking…
- 30 Sept 2022
SEC Unveils New Rule on Shariah Advisory Services
The Securities and Exchange Commission (SEC) has exposed new rules on Shariah Advisory Services for non-interest capital market products and services. According to the apex capital market regulating…
- 7 Nov 2021
Sterling Bank, Coscharis Motors Partner on E-Commerce, Vehicle Finance
Coscharis Motors Plc has partnered Sterling Bank towards on-boarding its vehicles on the bank’s non-Interest Banking Division platform- AltDrive. The objective is to ease the road to ownership via…
- 22 Jul 2016
EFInA Supports LOTUS Capital with $250,000 Grant
Lotus Capital Limited has received a Technical Assistance Grant of $250,000 (Two hundred and fifty thousand Dollars only) from Enhancing Financial Innovation & Access (EFInA) to support the…
- 4 Jun 2020
Jaiz Bank Posts N2.4bn Profit
Jaiz Bank Plc, Nigeria’s premier non-interest (Islamic) bank has released its 2019 audited results for the period ended December 31st, 2019, declaring a Profit After Tax (PAT) of N2.4 billion. The…
- 1 Apr 2022
TAJBank Gets PCI-DSS Certification
TAJ Bank Limited, Nigeria’s leading non-interest banking products and services provider, has received the Payment Card Industry Data Security Standard (PCI DSS) certification in recognition of its…
- 28 Jun 2020
Jaiz Bank Posts N636.7M Q1 Profit Before Tax
Despite the COVID-19 headwinds, non-interest (Islamic) bank, Jaiz Bank Plc, has posted a Profit Before Tax growth of 33.63 per cent in the first quarter of 2020, translating to N636.7 million, when…
- 19 Oct 2015
SEC Reaffirms Commitment to Expand Depth of Capital Market
Mr Mounir Gwarzo, Director-General, Securities and Exchange Commission (SEC) has reaffirmed its commitment to expand the depth of the nation’s capital market and promote financial inclusiveness. He…
- 24 May 2020
Jaiz Bank Resumes Forex Sales to SMEs
Jaiz Bank Plc, Nigeria’s premier non-interest bank has resumed selling of foreign exchange to Small and Middle Enterprises (SMEs), in its efforts to cushion their challenges amplified by the…
- 22 Sept 2022
Shareholders Unanimously Approve Holding Company Structure for Sterling
Shareholders of Sterling Bank Plc unanimously voted in favor of the creation of a new non-operating holding company (HoldCo) to hold the shares in its commercial banking operation as well as the…