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HOW REGTECH IS ENHANCING THE SAFETY OF MODERN BANKING OPERATIONS

“Eneke the bird says that since men have learned to shoot without missing, he has learned to fly without perching”. Chinua Achebe, Things Fall Apart. Nigeria’s fledgling fintech industry has recorded a number of successes in recent years. In 2019, foreign direct investments in Nigeria’s fintech space grew to $460,000,000 (Four Hundred And Sixty Million […]

AN OVERVIEW OF THE ELECTRONIC BANKING SYSTEM IN NIGERIA: CHALLENGES AND THE WAY FORWARD.

INTRODUCTION The Nigerian banking system is one that has experienced drastic change over time. Prior to this time, we had in place a manual banking system which occasioned much hardship on individuals. A notable example is an instance where an individual’s presence was of high essence before a transaction could be completed and amongst other […]

THE LEGALITY AND PRACTICABILITY OF THE GUIDELINES ON GLOBAL STANDING INSTRUCTION (GSI): THE CENTRAL BANK OF NIGERIA GOT IT RIGHT.

INTRODUCTION  The Central Bank of Nigeria (CBN) approved the implementation of the guidelines on Global Standing Instruction (GSI) to ensure practical debt recovery machinery through the use of which outstanding loans can be legally recovered from defaulters who have refused to offset the debt advanced to them by the crediting banks, long after they have become […]