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Niyi Ajao

Insecurity, fraud clog financial inclusion stride

As fiscal and monetary authorities collaborate to ensure that Nigerians keep up the 63.6 per cent financial inclusion stride with the aim of attaining the set target of 20 per cent exclusion rate by 2020, the frightening series of bank robberies and frauds in the system may have put a lid on the agenda.

Central bank mulls extension of payment system vision to 2030

With just one year to the Payment System Vision (PSV) 2020, the Central Bank of Nigeria (CBN) has disclosed that it has commenced a review of the project, just as it hinted of plan to set new targets under a refreshed version tagged PSV 2030.
Point of Sale - POS

NIBSS, others move to tackle e-payment failures

According to Ajao, the TAT had been configured at 15 seconds in agreement with banks and processors. However, delayed responses from Issuers after this timeout in recent times could cause authorised debits not to return to the terminal before the set TAT.
Point of Sale - POS

NIBSS upgrades systems for anticipated 100% rise in POS transactions

The Nigerian Inter-Bank Settlement Systems says it has upgraded its systems to accommodate an anticipated 100% rise in point-of-sale transactions.

Financial inclusion rate hits 63.6 percent in 2018

Managing Director, Nigeria Inter Bank Settlement System (NIBSS), Mr Niyi Ajao, says the nation’s financial inclusion rate has increased to 63.6 per cent in 2018 from 45.4 per cent recorded in 2016.

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Nigerian Stock Exchange NSE

NSE: Investors react positively to ministers’ inauguration, assignment

Investors on the Nigerian Stock Exchange (NSE) on Wednesday reacted positively to the inauguration and assignment of ministers to various portfolios by President Muhammadu Buhari.
Presidential media aide, Malam Garba Shehu, says the Buhari administration is working with state governments across the Northwest to pursue an urgent revamp of the national security apparatus in the subregion.

President Buhari warns cabinet members against unnecessary altercation

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Senator Shehu Sani (APC-Kaduna)

Kaduna election: Tribunal dismisses Shehu Sani’s petition for lack of merit

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President Muhammadu Buhari on Monday appointed his wife, Aisha, and the wife of the Vice-President, Mrs Dolapo Osinbajo, to serve on the Presidential Advisory Committee on the Elimination of Drug Abuse in the country.

President Buhari approves appointment of aides for First Lady

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Rwanda's President Paul Kagame and Uganda's Yoweri Museveni were once close allies but their relations have turned deeply hostile in a dispute that damaged trade between the neighbours.

Ugandan, Rwandan leaders sign pact to end months-long standoff

The presidents of Rwanda and Uganda on Wednesday signed an agreement in Angola to end months of tensions after the two leaders exchanged accusations of spying, political assassinations and meddling.