By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) has announced significant review of the documentation requirements for transactions conducted through the Pan-African Payment and Settlement System (PAPSS) in Nigeria. Hakama Sidi-Ali, CBN’s Acting Director, Corporate Communications Department, said the initiative was part of CBN’s ongoing commitment to foster seamlessContinue Reading
By Okeoghene Akubuike The Bureau of Public Procurement (BPP) is set to inaugurate the Nigeria Procurement Certification Programme (NPCP) to standardise and professionalise procurement certification in Nigeria. Dr Adebowale Adedokun, Director-General(D-G), BPP disclosed this at a news briefing in Abuja on Monday. Adedokun said the programme, which was in partnershipContinue Reading
By Ginika Okoye The Nigeria Deposit Insurance Corporation (NDIC) has started payment of N46.6 billion in liquidation dividends to depositors of the defunct Heritage Bank. Hawwau Gambo, Acting Head, Communication and Public Affairs, said the funds were realised from sales of the bank’s assets and recovery of debts owed. GamboContinue Reading
By Ginika Okoye Some capital market experts have called on the Securities and Exchange Commission (SEC) to create an inter-agency digital surveillance taskforce to address ponzi schemes related gaps in the Investment and Securities Act (ISA, 2025). The experts spoke at a webinar organised by the Institute of Capital MarketContinue Reading
By Kadiri Abdulrahman Vice-President Kashim Shettima has described the United Bank of Africa (UBA) as a pacesetter in innovation, emerging markets and generational ambition. Shettima said this at a dinner to celebrate 75 years anniversary of UBA on Saturday night in Abuja. According to him, the celebration of an institutionContinue Reading
By Taiye Olayemi Experts have emphasised the need for financial institutions in Africa and Middle East to adopt proactive, technology-driven strategies to remain robust in an increasingly volatile global environment. They said this during the 2025 Africa and Middle East Depositories Association Conference (AMEDA 2025)Continue Reading
By Aminu Garko The Independent Corrupt Practices and Other Related Offences Commission (ICPC), Economic and Financial Crimes Commission (EFCC), and Nigeria Customs Service (NCS) have collaborated to organise a sensitisation meeting on laws governing currency movement across borders. The News Agency of Nigeria (NAN) reports that the programme aims toContinue Reading
By Taiye Olayemi Stock market investors traded 1.854 billion shares worth N56.025 billion in 51,386 transactions on the floor of the Nigerian Exchange Ltd. this week. This is in contrast to the 1.525 billion shares valued at N43.006 billion that exchanged hands last week in 51,156 deals. Consequently, the valueContinue Reading
By Philip Yatai Rep. Gaza Gbefwi, Chairman, House Committee on Solid Minerals, says digital economy holds the key to Nigeria’s economic transformation, job creation, and national security. Gbefwi, representing Karu/Keffi/Kokona Federal Constituency, stated this in Abuja on Friday, at a seminar with the theme, “Powering Nigeria’s Digital Economy through AdvancedContinue Reading
By Nana Musa The Director of the African Department at the International Monetary Fund (IMF), Abebe Selassie, has commended Nigeria’s bold economic reforms and urged continued support for vulnerable citizens. Selassie made the commendation during a press conference on the regional economic outlook for Sub-Saharan Africa in Washington D.C. onContinue Reading
