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Financial Inclusion
2019: The year of automation
We are surrounded by data, which is being constantly generated by billions of connected devices. Analyst firm, Gartner, estimates there will be 20.4 billion connected objects by 2020, all…
Financial Inclusion: so far, not so good
In 2008, Enhancing Financial Inclusion and Access (EFInA) conducted a survey that revealed that 52.5% of the adult population in Nigeria were excluded from financial services. It called…
Hope returns as banks, Airtel partner TraderMoni to promote financial inclusion at…
Since the beginning of the Boko Haram crisis in the North Eastern part of Nigeria, thousands have been affected, with many Internally Displaced Persons (IDPs) forced to live temporarily at…
Jaiz Bank relaxes account opening requirements in financial inclusion push
The Managing Director/Chief Executive Officer of Jaiz Bank, Hassan Usman says that those who lack access to financial services would be allowed to open account without meeting certain…
Access, Diamond Bank says not worried about Telco led financial inclusion
Kenya’s Safaricom, the telecommunication company that is driving the country’s financial inclusion through mobile money is bigger than most of the country’s banks.
Investigation by…
CBN restrategises amid barriers to attaining 80% financial inclusion target
Faced with barriers to attaining the set target of ensuring 80 percent of Nigerian adults have access to financial services, with less than 2 years deadline, the central bank of Nigeria has…
What CBN’s Payment Service Banks mean for Nigeria financial inclusion
The Central Bank of Nigeria (CBN) on the 5th of October 2018 released an exposure draft guideline in which it proposed Payment Service Banks (PSB), aimed at deepening financial inclusion in…
CBN targets 500,000 mobile money/bank agents by 2020
With the revised National Financial Inclusion Strategy unveiled on Thursday, Central Bank of Nigeria (CBN) estimates 500,000 mobile money/bank agents to be available to serve about 105…
Financial inclusion stakeholders in Abuja for Confab
Financial inclusion stakeholders in Nigeria, led by the Central Bank of Nigeria (CBN), will converge in Abuja on Thursday, January 17 and Friday, January 18, 2019, for the launch of key…
CBN restrategises on meeting 80% financial inclusion target by 2020
The Central Bank of Nigeria (CBN) is about to launch a key policy document that would facilitate the attainment of the financial inclusion target by next year.
The CBN said on Monday that…