Lagos, Nigeria — September 30, 2026

Managing corporate cash across multiple banks, accounts, entities, and currencies is a major challenge for Nigerian businesses in 2026. Finance and treasury teams often work across disconnected banking portals, spreadsheets, and manual approval processes. As a result, they struggle to answer a basic question: what is our total cash position right now?

Duplo is solving that problem. Today, Duplo launches its Treasury Management Solution (TMS) in Nigeria. The platform is purpose-built for African businesses. It brings greater visibility, control, and efficiency to treasury operations from one connected environment.

The Duplo Treasury Management Solution gives Nigerian businesses a centralised view of cash across all banks, accounts, and entities. It also gives treasury teams real-time cash positioning and forward-looking cash forecasting. In addition, they can manage liquidity and control fund movements from one platform.

As a result, businesses can reduce the manual data consolidation that consumes treasury team time. Treasury teams can spend less time pulling information together. Instead, they can focus on managing cash, liquidity, and financial decisions.

Why Treasury Management Is More Urgent Than Ever for Nigerian Businesses in 2026

Treasury management has always mattered. However, Nigeria’s current economic environment has made it a strategic imperative.

Nigerian businesses are navigating FX volatility, persistent inflation, rising regulatory expectations from the Central Bank of Nigeria, and growing complexity across multiple entities and markets. In 2026, the businesses best positioned to manage this environment are not necessarily the largest. Instead, they are the ones with the clearest and most current view of their financial position.

Treasury excellence protects margins, improves liquidity, and helps businesses manage volatility. It also serves as a first line of corporate defence. Its importance becomes most obvious when treasury processes fail.

The scale of the challenge is significant. Nigerian businesses operating across multiple banks and entities often lack a real-time view of their consolidated cash position.

For example, a treasury manager at a diversified Nigerian holding company might oversee cash across five or six banks, ten or more accounts, and several subsidiary entities. Each entity may have its own banking relationship, approval process, and reconciliation cycle.

As a result, the treasury team may need to pull statements from each banking portal separately. The team then consolidates the data manually and accounts for timing differences between initiated and settled payments.

By the time the team completes this process, the information may already be out of date.

This is the problem Duplo TMS is built to solve.

What Is a Treasury Management Solution and Why Does Your Nigerian Business Need One?

A Treasury Management Solution is a software platform that centralises an organisation’s treasury operations. It replaces the disconnected mix of banking portals, spreadsheets, and manual processes that many businesses rely on.

For Nigerian businesses, a TMS addresses four core treasury challenges: cash visibility, liquidity management, cash forecasting, and fund movement control.

Cash visibility means seeing exactly what the organisation holds across every bank, account, and entity at any given moment. Without a TMS, treasury teams must log into multiple banking portals and consolidate the data manually. With a TMS, treasury teams can see the consolidated cash position in one place. The platform also updates that position in real time.

Liquidity management means ensuring the organisation has the right amount of cash in the right place at the right time. Poor liquidity management can leave some accounts idle while others run short. As a result, businesses may face unnecessary borrowing costs and operational delays. A TMS gives treasury teams the real-time visibility they need to move funds proactively rather than reactively.

Cash forecasting means projecting the organisation’s cash position for the days, weeks, and months ahead. Treasury teams use known inflows, outflows, and payment obligations to build these forecasts. In an environment of FX volatility and irregular payment cycles, cash forecasting helps treasury teams plan instead of managing each shortfall as it occurs.

Fund movement control means moving cash between accounts and entities through a controlled and auditable process. Treasury teams can set the right approval requirements before they execute each transfer. Without structured controls, teams often initiate fund movements manually through banking portals. This approach limits visibility and makes it harder to maintain a centralised approval trail.

Ultimately, a well-implemented Treasury Management Solution in Nigeria brings these processes together on one connected platform. It gives treasury teams the visibility and control they need to manage cash strategically rather than administratively.

The Specific Treasury Challenges Facing Nigerian Businesses Today

Nigerian businesses face a set of treasury challenges that are specific to the Nigerian and African operating environment. Understanding these challenges is important context for why a locally built, Africa-focused treasury management solution matters.

FX volatility and naira exposure. Nigeria’s foreign exchange market has experienced significant volatility in recent years, driven by the CBN’s monetary policy decisions, external reserve fluctuations, and the ongoing liberalisation of FX access. For businesses with foreign currency obligations or cross-border operations, managing FX exposure is a daily treasury function that requires real-time visibility into naira and foreign currency positions simultaneously.

Multiple banking relationships with no consolidated view. Most Nigerian businesses of any meaningful size maintain accounts across several banks, partly for operational diversification and partly as a response to the realities of Nigeria’s banking environment. The consequence is a fragmented cash picture. No single portal shows the full position, and no bank has visibility into what the others hold.

Manual reconciliation across banking portals. Bank statements arrive in different formats from different institutions. Consolidating them into a coherent treasury picture requires manual extraction, formatting, and reconciliation work that consumes significant treasury team time every week. Timing differences between initiated and settled transactions add further complexity.

CBN regulatory requirements and compliance pressure. The CBN’s regulatory framework places specific obligations on Nigerian businesses around FX transactions, reporting, and financial controls. The proposed HoldCo reforms announced in June 2026 have added further requirements on capital adequacy and group-level financial governance. Treasury teams that operate manually across disconnected systems are increasingly exposed to compliance gaps that structured treasury infrastructure would prevent.

Payment approval processes without audit trails. In many Nigerian businesses, treasury payment approvals still happen over email or messaging apps, with no structured record of who approved what and when. For businesses managing significant payment volumes, this represents both an operational risk and a compliance gap that becomes harder to manage as the organisation grows.

Cash trapped in idle accounts. Without real-time visibility into cash positions across all accounts, treasury teams cannot efficiently identify idle balances that could be better deployed. Cash sits in accounts earning nothing while other parts of the business borrow at high cost.

Introducing Duplo TMS: A Treasury Management Solution Built for African Businesses

Duplo’s Treasury Management Solution is purpose-built for the operating realities of African businesses. Unlike global enterprise platforms adapted for the African market, it is designed from the ground up to address the specific treasury challenges that Nigerian and African businesses face.

Centralised Cash Visibility Across All Banks, Accounts, and Entities

The foundation of Duplo TMS is a single, real-time view of the organisation’s complete cash position. Treasury teams connect their accounts across all banking relationships, and the platform consolidates the position automatically. As transactions settle, the platform updates the cash position in real time.

For Nigerian businesses managing cash across multiple banks, this consolidated view replaces the manual process of logging into each portal separately and reconciling the data. As a result, treasury teams can see exactly what the organisation holds across every bank and account without manually aggregating the information.

For businesses managing multiple entities, the consolidated view extends across the group. Treasury teams can therefore see each entity alongside the consolidated group position. They can also drill into any entity or account for transaction-level detail.

Cash Forecasting to See What Is Coming

Knowing the current cash position is necessary. However, knowing what it will look like in three, seven, or thirty days enables more strategic treasury management.

Duplo TMS provides cash forecasting tools that project the organisation’s future cash position based on known payment obligations, expected collections, and historical cash flow patterns. In addition, treasury teams can model different scenarios and assess liquidity requirements in advance. As a result, they can make funding decisions before a shortfall materialises rather than after.

For Nigerian businesses operating in an environment of payment cycle variability and FX uncertainty, cash forecasting is particularly valuable. It therefore moves treasury from a reactive function responding to today’s position to a proactive one managing tomorrow’s.

Liquidity Management Across Accounts and Entities

Real-time cash visibility makes it possible to see where liquidity is concentrated and where it is thin. However, visibility alone is not enough. Duplo TMS provides the tools to act on that information by moving funds between accounts and entities through a controlled, documented process.

For businesses with cash concentrated in particular accounts or entities while others face shortfalls, this capability can help address those imbalances in real time. As a result, businesses can reduce borrowing costs, prevent operational delays, and improve the overall efficiency of capital deployed across the organisation.

Controlled Fund Movement with Full Audit Trails

Every fund movement initiated through Duplo TMS routes through a structured approval workflow before it executes. Moreover, the approval chain can be configured by amount, entity, and transaction type. This ensures the right people authorise the right transactions within a documented process.

Every approval also creates an automatic audit trail. The record shows who initiated the transfer, who approved it, when each step occurred, and the business rationale. For Nigerian businesses managing treasury under increasing CBN regulatory scrutiny, this structured record can replace fragmented approval histories across email threads and messaging apps.

Built for Multi-Entity and Multi-Bank Nigerian Businesses

Duplo TMS is designed specifically for businesses operating across multiple banks, accounts, and entities. Importantly, a business does not need to consolidate its banking relationships before gaining consolidated visibility. Instead, Duplo TMS connects to existing banking infrastructure and builds the consolidated picture on top of it.

For Nigerian holding companies, FMCG groups, and businesses expanding across multiple markets, this means gaining group-level treasury visibility without disrupting the banking arrangements that each subsidiary or entity has established. In turn, finance teams can manage a more complete view of the organisation while allowing each entity to maintain its existing banking relationships.

Who Duplo TMS Is Built For

The Duplo Treasury Management Solution is designed for Nigerian and African businesses that have outgrown the combination of banking portals and spreadsheets that served them at an earlier stage of growth.

Multi-entity businesses and holding companies. Nigerian groups managing treasury across subsidiaries, divisions, or entities need a consolidated view that individual banking portals cannot provide. Duplo TMS delivers that view alongside entity-level drill-down and controlled inter-entity fund movement.

FMCG and distribution businesses with high transaction volumes. The platform is already attracting significant interest from major FMCG businesses in Nigeria, where high payment volumes, multiple banking relationships, and complex supplier payment cycles make manual treasury management particularly costly. Several major FMCG businesses are currently exploring Duplo TMS to support their treasury operations.

Businesses expanding across African markets. As Nigerian businesses grow into other African markets, treasury complexity grows with them. Different currencies, different banking relationships, and different regulatory environments add layers of complexity that a single-country solution cannot handle. Duplo TMS is built to support that multi-market complexity as it develops.

Finance teams spending too much time on manual treasury work. If treasury operations currently require significant manual effort each week to produce an accurate cash position, a cash forecast, or a reconciled view of what has moved where, Duplo TMS removes that manual layer and gives the treasury team time back for the work that actually requires their judgment.

Duplo TMS in the Context of Duplo’s Broader Platform

The launch of the Treasury Management Solution marks another step in Duplo’s evolution as a financial technology company serving the changing needs of African businesses.

Duplo recently launched its payments infrastructure for enterprise businesses, providing a more reliable and secure way to process thousands of transactions within seconds. The company also introduced an NRS-approved e-invoicing feature, helping Nigerian businesses stay compliant while managing their invoicing requirements.

The Treasury Management Solution brings these capabilities together under a broader financial operations platform that addresses the full range of treasury and payment needs that growing African businesses face: from processing individual payments and managing supplier invoices, to centralising cash visibility and forecasting across the group.

For Nigerian businesses that are currently managing these functions across disconnected tools, Duplo’s platform represents an opportunity to consolidate that infrastructure under a single, connected system.

Why a Locally Built Treasury Management Solution Matters for Nigeria

Global enterprise treasury management solutions exist. But they are built for the operating realities of developed markets, with assumptions around banking infrastructure, FX stability, and regulatory environments that do not map cleanly onto Nigeria’s.

Duplo is built for Africa. The platform is designed around the realities of Nigerian banking relationships, multiple-bank cash management, naira FX dynamics, CBN regulatory requirements, and the specific complexity of operating across multiple African markets. That design intent is visible in every part of the platform, from how it connects to Nigerian banking infrastructure to how it handles the approval and audit requirements that the Nigerian regulatory environment demands.

For Nigerian treasury teams, this means a platform that works with how business is actually done in Nigeria, not one that requires adapting Nigerian operations to fit a tool built for somewhere else.

Getting Started With Duplo TMS

Following strong initial interest from major Nigerian businesses, Duplo is opening the Treasury Management Solution to more businesses that have a need for greater visibility and control over their cash and treasury operations.

If your business is managing cash across multiple banks, accounts, or entities, and if your treasury team is spending significant time on manual consolidation, reconciliation, or approval processes, Duplo TMS is built for you.

Request access or book a demonstration to see how Duplo TMS can centralise your treasury operations and give your team the visibility and control they need.

Frequently Asked Questions

What is a Treasury Management Solution and why does my Nigerian business need one? A Treasury Management Solution is a platform that centralises treasury operations, replacing disconnected banking portals, spreadsheets, and manual processes. For Nigerian businesses managing cash across multiple banks, accounts, and entities, a TMS provides real-time consolidated cash visibility, cash forecasting, liquidity management, and controlled fund movement from one platform.

What does Duplo’s Treasury Management Solution do? Duplo TMS gives Nigerian businesses a real-time view of their consolidated cash position across all banks, accounts, and entities. It provides cash forecasting tools, liquidity management capabilities, structured approval workflows for fund movements, and full audit trails for every treasury transaction, all from a single platform.

Which businesses is Duplo TMS designed for? Duplo TMS is designed for Nigerian and African businesses that manage cash across multiple banks, accounts, or entities, including holding companies, multi-entity groups, FMCG and distribution businesses with high transaction volumes, and businesses expanding across African markets. It is particularly suited for businesses where manual treasury consolidation currently consumes significant finance team time each week.

How is Duplo TMS different from using banking portals and spreadsheets? Banking portals give visibility into one bank at a time. Spreadsheets require manual data extraction and consolidation. Duplo TMS connects to all of your banking relationships and consolidates the picture automatically, in real time, so the treasury team always has an accurate, current view of the full cash position without manual effort.

How does Duplo TMS handle approval workflows for fund movements? Every fund movement initiated through Duplo TMS routes through a configurable approval workflow before it executes. The approval chain is set by amount, entity, and transaction type. Every step creates an automatic audit trail with timestamps, approver identities, and transaction details, replacing the fragmented approval records that currently exist across email and messaging apps.

Is Duplo TMS available in Nigeria now? Yes. Duplo is launching the Treasury Management Solution in Nigeria with immediate effect, following strong initial interest from major FMCG businesses currently exploring the platform. Businesses can request access or book a demonstration via tryduplo.com/treasury.

Does Duplo TMS support businesses operating across multiple African markets? Duplo TMS is designed with multi-market African business operations in mind. It is built to support the complexity of managing treasury across multiple currencies, banking relationships, and regulatory environments as Nigerian businesses expand across the continent.

How does Duplo TMS fit alongside Duplo’s existing payments and invoicing platform? Duplo TMS sits within Duplo’s broader financial operations platform alongside its enterprise payments infrastructure and NRS-approved e-invoicing feature. For businesses using Duplo’s existing products, TMS adds group-level cash visibility, forecasting, and liquidity management to the payment and invoicing capabilities already in place.