banking

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Nigeria has enormous opportunities for banking business – Oduoza

Nigeria has enormous opportunities for banking business – Oduoza

Unfortunately for us in Nigeria, merchant banking has not been fully tapped into. The most common is retail banking where every person is establishing branches and acquiring a lot of retail customers. So, we have decided that we are going to do merchant banking and do it the way it ought to be. Four merchant banks plus Nova, that is five, we believe is still very little for Nigeria.

Sharia-based banking on the rise in Germany

Sharia-based banking on the rise in Germany

Banks that conform to Islamic financial practice are on the rise among Germany’s Muslim population of around five million, a spokesman for KT Bank, a subsidiary of an Istanbul-based bank, said in Cologne on Friday.