Financial Inclusion

A banking hall [Photo credit: Nigerian Times]

Why we don’t keep our monies in banks – Unbanked Nigerians

Some Nigerians explain why they would rather keep their cash than lodge it in the bank.

Nigerian governors pledge financial autonomy for legislature, judiciary

The 1999 Constitution was amended last year to give autonomy to the two arms of government at the sub-national levels, as is already the case at the federal level.

First Bank ATM used to illustrate the story.

How bank charges hinder financial inclusion in Nigeria

Bank customers, analysts weigh in on the development.

Director-General, Debt Management Office, DMO, Patience Oniha

Nigerian govt offers savings bonds for May

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

Godwin-Emefiele

CBN to blacklist banks, companies, individuals involved in textile smuggling

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

A banking hall [Photo credit: Nigerian Times]

How to promote digital savings, financial inclusion – World Bank Group

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.

MTN

MTN applies for listing on Nigeria Stock Exchange

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.

Traders at the entrance of the complex

Why we don’t use bank accounts – Ogun traders

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.

Anam Yams

Nigeria’s yam exporters want duty-free export to Europe

The yam exporters shared what they learnt from Ghana.

L-R: NDIC Board Chairperson, Ronke Sokefun with Vice President Yemi Osinbajo, and NDIC Executive Director Corporate Services, Omolola Abiola-Edewor during the NDIC Boards’ visit to the Villa on Tuesday.jpg

Osinbajo wants NDIC to ensure financial inclusion for poor Nigerians

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

From left: President Muhammdu Buhari; Gov Rochas Okorocha of Imo; Gov Abdullaziz Yari of Zamfara State; Gov Kashhim Shettima of Borno; Gov Jibrilla Bindo of Adamawa during a meeting of the President with APC Governors at the Presidential Villa in Abuja on Tuesday (3/4/18)

ANALYSIS: N25 trillion FAAC distribution and lingering financial challenges of state governments

“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.”

Modibbo Hamman Tukur

PROFILE: Modibbo Tukur: The man to head Nigeria’s financial intelligence agency

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

Bank queue

Nigeria targets 80% adult financial inclusion by 2020

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

FCMB used to illustrate the story. [Photo credit: Eagle Construction Limited ECL Abuja]

FCMB partners WSBI to boost financial inclusion in Nigeria

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

Diamond Bank Headquarters Photo: Business News

Financial inclusion: Diamond Bank disburses N1billion under SMEs scheme

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

Nigerian Senate

Senate working to grow digital financial technology in Nigeria – Saraki

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

Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org]

Nigerian govt’s savings bond will boost financial inclusion – NSE

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.

CBN

Nigeria’s financial system stalls economic growth – Report

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

Akwa Ibom assembly Photo Credit: www.nairaland.com

Akwa Ibom lawmakers demand financial autonomy for state legislature

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

CBN

CBN to commence national financial inclusion strategy in Borno

Borno is the state with the most unbanked persons. Advertisement

Government proposes agency banking framework to boost financial inclusion

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