25 C
Lagos, South Africa and New York
Thursday, September 24, 2020

CBN Tasks Fintechs on Financial Inclusion

The Deputy Governor, Financial System Stability, Central Bank of Nigeria, Mrs. Aishah Ahmad, yesterday charged financial technology companies (fintechs) to contribute in the drive to enhance financial inclusion in the country. This is just as the Managing Director, Ecobank Nigeria Limited, Mr. Patrick Akinwuntan, has...

How FirstBank Fintech summit is contributing to bridge Nigeria’s financial inclusion

By Bala Augie As financial solution providers continue to face stiffer competition globally from Fintech startups and emerging technologies such as blockchain, cryptocurrency and crowdfunding, and the increasing level of disruption in the traditional mode of payment and business models, technology holds the key to...

Nigeria: First Bank Targets 500,000 Agents to Boost Financial Inclusion

With a view to enhance financial inclusion across the country, First Bank of Nigeria Limited has announced its drive to get up to 500,000 operators on board its agent banking platform. This was disclosed at the opening ceremony of the 12th Annual Conference...

Polaris Bank deepens financial inclusion in Niger State

LAGOS: As part of commitment to ease access to banking services for more people, Polaris Bank has entered into a strategic partnership with the Niger State Government by ensuring participants in the supply value chain of the National Home-Grown School Feeding Programme (NHGSFP) can...

Nigeria target 80% Financial Inclusion in 2020, to Issue More License to Payment Players

By Tope Alake Nigeria’s central bank plans to license more payment providers in an effort to improve the country’s financial-inclusion rate to 80% by the end of next year from about 60%. “The provision of licenses to several players will help support innovation and competition as...

Financial inclusion : Fidelity Bank doles out N16m to 13 customers

Fidelity Bank Plc on Tuesday splashed 13 customers with N16 million under the Get Alert in Millions Savings (GAIM) season three initiative. Mrs Chijioke Ugochukwu, the bank’s Executive Director, Shared Services and Product, stated this at the third monthly prize presentation in Lagos that...

African banks’ profitability should drive financial inclusion, bankers say

As banks in Africa consistently post healthy financial margins, the populations continue to grapple with financial exclusion, a phenomenon that may jeopardise the sustainability of financial services on the continent. This was deliberated by delegates at the AFRICA CEO FORUM, which takes place in Kigali...

Go cashless this summer with FirstBank visa multi currency card

Lagos, First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, has introduced the Visa Multi Currency Card, an All-in One-Card and first of its kind to be offered by any financial institution in Nigeria. This card can be linked to...

Islamic finance will help deepen financial inclusion in Nigeria’s Northern regions

Dr. Aliyu Dahiru, the Deputy Director, Training and Linkages, the International Islamic Banking and Finance Institute, Bayero University Kano, and was requested to give his perspectives on what will shape developments in the Islamic Finance market for the year 2020. Excerpts of the...
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