CBN Unveils Historic Liquidity Instruments For Non-Interest Banks: A New Era For Islamic Finance In Nigeria
In a landmark move that could redefine the future of Islamic finance in Nigeria, the Central Bank of Nigeria (CBN) has announced the official rollout of strategic liquidity management tools tailored exclusively for non-interest financial institutions. These include the deployment of the Nigerian Non-Interest Financial Institutions’ Master Repurchase Agreement (NNMRA) and the commencement of auctions