At a telecoms conference in Cape Town, South Africa, Rob Shuter, the CEO of the MTN Group, stated that the Group has put in an application for a Payment Service Bank (PSB) licence, and may launch the bank this year. Although, the PSB has not been launched, and as MTN awaits such PSB licence from the …
Islamic Finance in Nigeria
Introduction Globally, in the last decade, there has been unprecedented growth in the non-interest banking and finance, which is generally known as Islamic Banking. The existence of Islamic finance has become imperative in many jurisdictions of the world and it is expected to continue to spread in view of the economic growth in countries with …