Amaanah Launches Non-Interest Finance Operations in Nigeria

Amaanah Non-Interest Finance Company has officially commenced operations in Nigeria, expanding the range of alternative financing options available to individuals and businesses.

The company is described as the country’s first Central Bank of Nigeria-licensed non-interest finance company and launched its operations in Lagos.

Amaanah says its financial products are designed to help customers acquire assets, grow businesses and pursue financial goals through financing structures that do not rely on conventional interest-based lending.

The launch could broaden competition within Nigeria’s financial-services sector as demand grows for alternative and ethical financing models, particularly among consumers and businesses seeking options outside traditional interest-based banking products.