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LequteMan
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Nigeria is on the brink of an economic landmark as the Central Bank is planning to create an International Financial Centre in the country, the Sun reports.
Although not a new concept in world economies, the Nigerian International Financial Centre, NIFC, is expected to be a financial catalyst that will facilitate development of the country's economy with a strong focus on the banking, insurance sectors and also the capital market.
Excerpt:
The primary target of NIFC, estimated to gulp about N75.97 billion in terms of financial commitment, is to attract international financial services institutions and other complementary businesses to the country.
Other objectives of the centre is to ensure an integrated, functional and full service financial hub with a strong focus on banking, insurance, capital market and commodity trading.
It is also intended to develop the nation’s economy by giving it a global outlook that will focus on linking Africa with the rest of the world with a view to helping it make effective contributions to the international financial services industry.
click here to read more
#Nigeria #CBN #NIFC
Although not a new concept in world economies, the Nigerian International Financial Centre, NIFC, is expected to be a financial catalyst that will facilitate development of the country's economy with a strong focus on the banking, insurance sectors and also the capital market.
Excerpt:
The primary target of NIFC, estimated to gulp about N75.97 billion in terms of financial commitment, is to attract international financial services institutions and other complementary businesses to the country.
Other objectives of the centre is to ensure an integrated, functional and full service financial hub with a strong focus on banking, insurance, capital market and commodity trading.
It is also intended to develop the nation’s economy by giving it a global outlook that will focus on linking Africa with the rest of the world with a view to helping it make effective contributions to the international financial services industry.
click here to read more
#Nigeria #CBN #NIFC
