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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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Gbenga Omotoso

Lagos: Blue rail line to commence operation next year

Lagos State government on Sunday gave an assurance that by December 2020, the Blue Rail Line project will come on stream and will be fully operational in the next two years from Mile 2 to Marina in its aggressive drive to address the transportation problem in the state.
Fulani elders have distanced themselves from Miyetti Allah Kautal Hore president, Alhaji Bello Bodejo, for attacking All Progressives Congress (APC) stalwart Asiwaju Bola Ahmed Tinubu, over 2023 presidency.

Asiwaju Tinubu: We must handover strong, vibrant nation to young Nigerians

National Leader of the All Progressives Congress (APC), Senator Bola Tinubu, has identified the need for all and sundry to be committed to steadying the nation with a view to handing over a vibrant and strengthened nation to young leaders.
The Arewa Consultative Forum, ACF, has condemned any attempt to pay the legislators of the 9th National Assembly a whopping sum of 19.8 billion naira as welcome package.

Arewa CF: Killing of aid workers in Borno is a clear desecration of Islam

The Arewa Consultative Forum (ACF) has described the killing of four aid workers by Boko Haram in Borno State on Saturday as a clear desecration of Islam which preaches sacred inviolability of the individual.
Ibrahim Shehu Gusau emerges new AFN President

Ibrahim Gusau to face AFN probe panel Wednesday over corruption allegations

Embattled and suspended president of the Athletics Federation of Nigeria, Shehu Ibrahim Gusau, has been given Wednesday, December 18, 2019, to appear before the panel set up by the federation investigating allegations of financial impropriety, misapplication of funds and breaches of the AFN constitution against him.
The Nigeria women national basketball team, D’Tigress on Sunday defeated hosts Senegal in the final of the FIBA Women’s AfroBasket to win their fourth continental title. - 20

Olympic Qualifiers: D’Tigress coach invites Murjanatu Musa, 13 others

D’Tigress Head Coach Hughley Otis Jr. has named 2019 Nigeria Women’s Premier League MVP Musa Murjanatu in the 14-player roster for the FIBA Women’s Olympic Qualifying Tournament next year.