Nigerian Company Secures CBN Licence To Offer Interest
Amaanah Non-Interest Finance Company has launched in Nigeria after receiving approval from the Central Bank of Nigeria to offer Shariah-compliant financial products. The firm provides asset financing, investment solutions, and wealth management services.
Why it matters
The entry of a new non-interest finance firm expands the availability of ethical financial services in the Nigerian market.
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A Nigerian non-interest finance firm, Amaanah Non-Interest Finance Company, has begun operations following approval from the Central Bank of Nigeria (CBN), positioning itself to offer Shariah-compliant financial products to individuals and businesses across the country.
The company held its formal launch on Thursday, October 1, 2026, at The Providence Hotel in Lagos , drawing stakeholders from the financial services, investment, and non-interest finance sectors.
Nigerian non-interest finance company Amaanah officially launches in Lagos after obtaining CBN approval. Photo: Bloomberg Source: Getty Images The event was themed "Financial Independence: Empowering Lives Through Ethical Finance."
Its chairman, Dr Akeem Oyewale, said the company was established to deliver financial solutions that align with customers' values while helping them meet their goals.
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