Cbn
4 articles tagged “Cbn”
Is Lotus Bank an Islamic Bank? (2026): Licence, Shariah Board and Products
Yes. Lotus Bank holds a CBN non-interest banking licence with national authorisation, has an Advisory Committee of Experts, and sells Mudarabah, Murabaha and Ijarah products. Who owns it and who can bank there.
Best Halal Salary Accounts in Nigeria (2026): Five Non-Interest Banks Compared
Jaiz, Lotus, TAJBank, The Alternative Bank and Summit all run Qard current accounts that can take your salary. What each publishes on fees, cards and financing eligibility, with the CBN Guide to Charges as the ceiling.
How the CBN Regulates Non-Interest Banks (2026): The Rulebook Behind Nigeria's Halal Banking
Licence classes, mandatory Shariah boards, FRACE at the centre and N20 billion capital floors: the regulatory architecture that makes a Nigerian bank's halal claim enforceable rather than decorative.
Non-Interest Banking in Nigeria (2026): The Complete Guide
Six licensed non-interest banks, a CBN framework with real teeth, NDIC insurance and a sukuk market doing the heavy lifting: how halal banking actually works in Nigeria in 2026.