Financial Inclusion

The two-year bond will be due in May 2021 while the three-year bond will be due in May 2022.

Over 100,000 farmers collect cotton seeds as Emefiele flags off 2019 planting season

The report notes that ‘significant gaps’ exist in developing regions between the proportion of adults who save and those who save at a financial institution.

Listing on the NSE was one of the conditions reached in the resolution of a N330 billion fine placed on the company by the Nigerian Communications Commission.

Although a few of the rraders said they operate inactive bank accounts, others said they do not operate accounts at all due to financial and logistic reasons.

The yam exporters shared what they learnt from Ghana.

Mr Osinbajo said this administration was keen on the issue of financial inclusion.

“While FAAC disbursement to states is a constitutional arrangement, it cannot be stopped by sheer discretionary measures. However, there must be a political will to ensure that states’ IGR Surpass federal allocations.”

Nigeria’s Senate on Wednesday confirmed the appointment of Mr Tukur to head the newly created Nigerian Financial Intelligence Unit (NFIU).

About 36.6 million Nigerian adults do not have access to formal financial services.

The memorandum outlines a framework to deepen agency banking, financial inclusion and savings culture in the informal and agribusiness sectors.

The bank says the disbursement is one of its ways of ensuring financial inclusion in the country.

Challenges militating against the growth of FinTech in Nigeria include issues about consumer protection, intellectual property, concerns about money laundering and fraudulent activity.

The minimum subscription amount is N5, 000.00 with additions in multiples of N1, 000.00, subject to a maximum of N50, 000,000.00.

The report listed the key emerging markets as Brazil, China, India, Indonesia, Mexico, Nigeria and South Africa.

The lawmakers want the colleagues in other states to take advantage of the ongoing constitution amendment.

Borno is the state with the most unbanked persons. Advertisement

The agency model involves a process where retail outlets are contracted by a financial institution or mobile network operator to process clients’ transactions.