August 5, 2021/Nova Merchant Bank NOVA Merchant Bank, a leading merchant bank in Nigeria, is pleased to announce the appointment of Mr. Emmanuel Onokpasa as Executive Director, Wholesale Bank and Treasury. In this role, he will have oversight over Corporate Banking, Commercial Banking including Energy, Power, Telecoms, Products/Channels, Digital Banking, […]
Money Market
CBN Unveil Guidelines for Licensing and Regulation of Payment Service Holding Companies in Nigeria
August 4, 2021/CBN The Central Bank of Nigeria (CBN) recently issued the CBN Circular on New Categorisations for the Nigerian Payments System (ref:PSM/CIR/GEN/CIR/01/22) which requires companies, desirous of offering | switching and processing services and mobile money services, to set up a Payments Service Holding Company (PSHC) structure, such that […]
FX Policy Deja Vu
August 2, 2021/Coronation Research Last week, in a surprise announcement, the CBN governor halted the sale of the apex bank’s FX to Bureau De Change (BDC) operators. The statement, and reasons given for the action, gave us a feeling of deja vu – the CBN did this in 2016. So, […]
FirstBank Firstmonie Wallet
