Financial inclusion cruising more in Ghana on 151,000 agent bankers, interoperability
…As CBN’s 500,000 agent banking takeoff remain in pipeline The World Bank in its latest report on financial inclusion has hailed Ghana for its decade-long drive in moving formal financial services uptake from 41 per cent in 2014 to 58…
SEC leads other agencies to drive financial inclusion at grassroots ahead 2020 target
…But experts want commercial banks, telecoms to do more As part of drive to beat the 2020 target of achieving 80 per cent financial inclusion for the citizens, the Securities Exchange Commission (SEC) in partnership with Central Bank of Nigeria,…
UBA takes financial inclusion campaign to secondary school, unveils ‘UBA Learn’
Less than two months after introducing ‘Leo The Chat Banker’ mainly for adults, Africa’s global bank, the United Bank for Africa (UBA) Plc., has unveiled another innovative banking product, called ‘UBA Learn’ targeted at helping students achieve all round academic…
CBN, banks’, in aggressive financial inclusion drive with 500,000 agent networks
The Central Bank of Nigeria (CBN) has sealed a partnership understanding to collaborate with banks and Mobile Money Operators (MMOs) to deepen Financial Inclusion in Nigeria. Business Hilights gathered Wednesday that already, about 10 MNOs and super agents will, any…
Confusion as BVN is linked to frustrations pushing financial inclusion drive
Rather than being on the ascending order, latest report and statistics obtained from the Nigeria Inter-Bank Settlement System (NIBSS), has shown that banks may have lost well over two million customers 2016 and 2017. The scenario, therefore raises fresh fear…
Banks’ must evolve innovative solutions to capture 57% unbanked—Fidelity GMD
Critical sensitive assignment has been given to Nigerian money deposit banks by the Managing Director and Chief Executive Officer of Fidelity Bank Plc, Nnamdi Okonkwo. In his presentation at the just concluded 2018 Social Media Week (SMW) Lagos, he decried…
CBN sets new 80% target for banks on driving financial inclusion
The Central Bank of Nigeria (CBN) has set a financial inclusion target for Deposit Money Banks and all microfinance banks in the Federal Capital Territory (FCT). The new drive is expected to hit 80 per cent financial inclusion for the…
CIBN lists three antidotes for financial inclusion in Nigeria
The President and Chairman of Council, Chartered Institute of Bankers of Nigeria (CIBN), Prof. Segun Ajibola, has expressed displeasure on the status of Nigeria’s drive to financial inclusion, saying, fundamental enablers are far from being adequate. In his submission after…
Financial inclusion in sub- Saharan Africa low to others– MasterCard Foundation
The Director of MasterCard Foundation (MCF) on Financial Inclusion, Madam Ann Miles, has decried the abysmal level of financial inclusion in countries in sub-Saharan Africa, saying it is significantly low compared to other parts of the world. Speaking at the…
Recession, ease of doing business forcing CBN to dump financial inclusion campaign
When the current little or no speed with which the Central bank of Nigeria (CBN) is driving its campaign on financial inclusion is compared with what it used to be before the advent of recession, indications are rife that the…
