To Improve Liquidity Under Basel III, Non-Interest Banks in Nigeria Will Need More Instruments: Expert 

In order to meet the global banking system’s Basel III requirements, non-interest banks in Nigeria need more instruments to boost liquidity, Banking and Finance expert, Abdulwaheed Shitta, has said. According to Shitta, the Basel III Accord was introduced to address the global financial crisis of 2007-2008 and strengthen the banking sector across the globe. It emphasises capital and liquidity management of banks, as well as other segments in the financial market. 

Why it Matters?

Given that the non-interest banking model does not support non-Shariah-compliant securities or derivative products, global financial analysts have come to the conclusion that the impact of Basel III on Islamic banks is relatively small when compared with that on conventional finan...