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Friday, September 25, 2020
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Financial inclusion

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...

Tick Tock: Nigeria’s Tight Deadline Towards Financial Inclusion

How can we achieve so much in so little time? By 2020, Nigeria hopes to migrate about 18 million people into the formal financial services sector, driving up Nigeria’s financial inclusion estimate from 58.4% (as at 2016) to 80% of the adult population. The success of...

CBN seek to deepen consumer confidence with new policy documents

The Central Bank of Nigeria (CBN), in its efforts to deepen financial literacy, will on January 17 and 18, launch key policy documents aimed at facilitating the attainment of the financial inclusion target of 80 per cent by 2020. Policy documents to be unveiled at...

Nigeria spur competition between banks telcos on cash deposits, mobile money transactions

By Yinka Ibukun and Emele Onu Regulator plans to allow grocers to take deposits, move cash Lending, however, will still only be available through banks Telecommunications firms, including MTN Group Ltd., are now interested in applying for licenses that will allow them to create units that...

Nigeria savings accounts surge on banks financial inclusion drive

As Savings account grows by 16% to 87m Experts project further growth By Elizabeth Adegbesan The new bank accounts comprise 12.2 million savings accounts and 2.6 million current accounts. Meanwhile, experts have projected further growth citing the Shared Agent Network Expansion...

Financial inclusion: 2.6m Nigerians embrace financial services

Nigeria’s journey to bringing more people into the financial system is yielding positive results. The Central Bank of Nigeria (CBN’s) policies on mobile money, agency banking, Know Your Customer (KYC), insurance, and recently, Payment Service Banks (PSBs) expected to takeoff this year...

Financial inclusion will aid economic growth, says SEC

Securities and Exchange Commission (SEC) has reiterated its commitment to pursuing initiatives that would aid financial inclusion of Nigerians as this is capable of growing the nation’s economy. Acting Director General, Securities and Exchange Commission (SEC,) Ms. Mary Uduk stated this in her remarks at...

Technology As a Catalyst For Financial Inclusion

By Ogunfowoke, Adeniyi Ayuba Nigeria has come a long way when it comes to financial inclusion. We have gone beyond digging holes in bedrooms to bury money to keeping money in the bank. According to the Global Findex Database report by the World Bank, only 40...

CBN, NERDC Set to Commence Financial Education Curriculum in Schools

Nume Ekeghe The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Educational Research and Development Council (NERDC) yesterday disclosed that plans to commence the financial education curriculum (FEC) next session for Basic and Senior Secondary Education levels across Nigeria have gotten to advanced...

Gains in Financial Inclusion, Gains for a Sustainable World

An MTN mobile money subscriber providing an electronic signature while having her identity verified through a mobile device in Abidjan, Côte d’Ivoire. © Nyani Quarmyne/IFC Mary Banda in Zambia runs a small restaurant in one of Lusaka’s oldest markets. Before she learned that financial...
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