Jaiz Bank seals ₦6.1bn pact with IDB for financing of SMEs

Jaiz Bank Plc on Tuesday entered into a financing pact with the Islamic Corporation for the Development of Private Sector to finance the Small and Medium-sized Enterprises with ₦6.1bn ($20m). The ICDP is an arm of the Islamic Development Bank. The amount would be provided to the SMEs in key sectors of the economy such […]

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Nigeria to gets $296,143 dividend from IDB for 2016

The Nigerian Government is to receive $296,143 as dividend from the profit earned by the Islamic Development Bank for the 2016 financial period. The development was confirmed in a statement issued on Sunday by the Director of Information in the Ministry of Finance, Salisu Dambatta. Nigeria is the fourth largest shareholder in the 57-nation Islamic Development […]

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