Archives for MONEY MARKET
Nigeria Records US$947m In Remittance Inflows Via IMTOs In July ’26
BY NGOZI ONYEAKUSI Nigeria recorded US$947 million in remittance inflows through International Money Transfer Operators (IMTOs) in July 2026, the highest monthly inflow ever recorded through formal channels and approaching…
N4.65Trn Recapitalisation: Are Banks Financing Nigeria’s Economy or Government?
By Blaise Udunze Five months after the Central Bank of Nigeria's banking recapitalisation window closed, Nigerians are justified in asking an uncomfortable question, which is, what exactly did the trillion…
Nigeria May Have Escaped Fiscal Cliff; Now Build an Economy Worth the Sacrifice
By Blaise Udunze Three years after the removal of the fuel subsidy and the adjustment of the foreign-exchange regime, Nigeria’s revenue and external positions have improved significantly. After escaping the…
Union Bank of Nigeria Attains PCI DSS v4.0.1 Certification
Union Bank of Nigeria has attained certification under the Payment Card Industry Data Security Standard (PCI DSS) version , the foremost global standard governing the protection of payment card account…
FICAN Conference to Focus On Banking Recapitalisation, Tax Reform, Fintech as Top Industry Leaders Gather in Lagos
BY NGOZI ONYEAKUSI Nigeria’s top policymakers, financial regulators, banking executives, fintech innovators, economists and capital market operators will gather in Lagos on September 19 and 20, 2026, for the Finance…
CBN Welcomes Applications for Second Cohort of Regulatory Sandbox Programme
BY NGOZI ONYEAKUSI CBN Governor, Olayemi Cardoso The Central Bank of Nigeria has announced the commencement of the second cohort of its Regulatory Sandbox Programme, with a new dual-track structure…
NPS Processes Over 26 Million Transactions as First Bank, Fidelity Bank Lead in Volume, Value
BY NGOZI ONYEAKUSI The Nigeria Inter-Bank Settlement System (NIBSS) Plc, Nigeria's foremost payments infrastructure provider, has commenced the rollout of the National Payment Stack (NPS), a sovereign, ISO 20022 compliant…
Credit Ratings Key to Preventing Microfinance Bank Failures
BY NGOZI ONYEAKUSI Independent credit ratings can help identify weaknesses in microfinance banks before they lead to institutional failure. This is according to DataPro in it August Rating Brief,…
What Has Nigeria Truly Gained from N160Trn FAAC Allocations?
By Blaise Udunze Could it be said that Nigeria’s true identity today represents a country suffering and grappling with soaring inflation, mass unemployment, failing public infrastructure and multidimensional poverty despite…
Adedeji Denies $279m Frontier Fund Allegation, Describes Report as Fake News
BY NGOZI ONYEAKUSI The Executive Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, has dismissed online reports linking the NRS to an imaginary fraud related to the Frontier Exploration…
