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Financial Inclusion
Citibank identifies 4 approaches for inclusive financial inclusion growth
In many emerging economies, the advent of financial technology (Fintech) industry driven by mobile phone penetration and new regulations that are giving opportunity for the creation of new…
Nigerian Esusu, PaddyCover to join 9 African Fintech startups for CATAPULT programme
Two Nigerian Fintech companies; savings startup Esusu and insurtech startup PaddyCover has been selected to join nine others from Africa to attend the 2020 edition of the CATAPULT programme.…
Nigeria records 11% increase in active bank accounts but 45m remain dormant
Nigeria’s active bank accounts increased to 79.28 million in December 2019, thanks to the additional 8.1 million accounts that became active, data from Nigeria Inter-Bank Settlement System…
Financial Inclusion: Capricorn pushes for realisation with customer-tailored digital…
At over 45%, the number of financial excluded adult Nigerians is high and this has negative impact on economic growth. However, bank authorities in collaboration with digital payment…
EFInA welcomes funding commitment from UK aid
EFInA today welcomes an additional funding commitment from UK Aid, part of a £320m package that will initiate an ambitious new phase of financial sector development across the continent.…
CBN can try, but banks as financial inclusion champion not happening soon
The Central Bank of Nigeria (CBN) may have beating itself into a corner by expecting commercial banks to lead its financial inclusion drive of 95 percent Nigerians included by 2024. Experts…
Nigeria rides on Fintech to secure top investment destination in Africa
Nigeria was ranked the top startup investment destination in 2019, thanks to its attractive Fintech industry with raised most of the funds, an annual funding report by WeeTracker shows.…
Future of payment service banks in limbo, 14 months after
A year and two months after the Central Bank of Nigeria (CBN) loosened its policy to accommodate new players in Nigeria’s financial services industry; the direction of the mobile money…
CBN, Bankers’ Committee to spur rural inclusion with new BVN Lite
The Central Bank of Nigeria (CBN) and banks, under the support of the Bankers’ Committee, have concluded plans to simplify the requirements for the Bank Verification Number (BVN) for certain…
Adesola Adeduntan: Thinking Nigeria’s Financial Inclusion 125 years ahead
Under the leadership of Adesola Adeduntan, First Bank of Nigeria has been at the forefront in the campaign for greater financial inclusion in Nigeria and across Africa.
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