HeyJaredChinwendu Obienyi
- Indexed articles, last 90 days
- 58
- Latest publication
- Sep 30, 2026
- Outlet visibility, for Thesun
- Top 500K sites
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- Jul 6, 2026
Latest articles
NIBSS: BVN database hits 70.34m as banks leverage biometrics (opens the original)
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Nigeria’s Bank Verification Number (BVN) database has crossed another significant threshold, with enrolments reaching 70,347,047 as of September 28, 2026, according to data from the Nigeria Inter-Bank Settlement System (NIBSS). This latest figure highlights the accelerating adoption of biometric identity infrastructure as banks and regulators intensify efforts to curb fraud and shore up confidence in digital financial services. The momentum behind BVN enrolments comes amid growing recognition of
Nigeria’s banks: 66 years of boom, bust, reinvention (opens the original)
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On October 1, 1960, Nigeria gained independence with an economy built largely around agriculture and commodity exports. Cocoa, groundnuts, palm produce and other primary products generated more than three-quarters of the country’s foreign exchange at the time. Gross domestic product was estimated at about $4.2 billion while per-capita income stood near $93. Nonetheless, any account of Nigeria’s 66-year post-independence journey would be incomplete without a prominent mention of the banking and f
Interest rate cut floods banks with excess cash, N7trn returned to (opens the original)
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Banks and other financial institutions deposited more than N7 trillion with the Central Bank of Nigeria (CBN) last week as excess liquidity surged following the Monetary Policy Committee’s (MPC) 350-basis-point cut in the benchmark interest rate. The development highlights the speed at which the rate cut is filtering through the money market, pushing short-term yields lower and leaving banks with more cash than they can profitably deploy. The Standing Deposit Facility (SDF) allows eligible finan
CBN slashes interest to 23% to fight inflation (opens the original)
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By Chinwendu Obienyi and Adanna Nnamani, Abuja The Central Bank of Nigeria (CBN) on Tuesday announced a record 350-basis-point cut in its interest rate, reducing it from 26.5 per cent to 23 per cent. The bank described the decision as a “monetary reset” to improve how its policies affect the economy and support the transition to an inflation-targeting system. Announcing the 307th MPC decision in Abuja, Governor Olayemi Cardoso said the committee had “reset” the MPR and recalibrated the policy co
Quest Merchant Bank backs BoI’s oversubscribed N250bn bond (opens the original)
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In a deal that signals growing depth in Nigeria’s domestic debt market, Quest Merchant Bank Limited helped Bank of Industry Financing SPV PLC raise N250 billion through an oversubscribed five-year fixed-rate bond, mobilising long-term capital for businesses in agriculture, manufacturing, energy and other priority sectors. The offer, which ran from August 5–11, 2026, attracted strong institutional demand and will be listed on FMDQ Securities Exchange following regulatory completion, a statement f
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For Thesun, the outlet · Measured Aug 1, 2026
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