Financial Inclusion Nigeria.

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  • Anambra strives to achieve 80% financial inclusion target

    Anambra strives to achieve 80% financial inclusion target

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    The Financial Inclusion State Steering Committee (FISSCO) in Anambra State has mapped out strategies aimed at achieving 80 percent adult financial inclusion in the state by 2020. Map of Anambra state, showing different LGAs The FISSCO members were drawn from commercial banks, microfinance banks, as well as representatives from ministries of Basic Education and Women…

  • CBN and Cashless Policy

    CBN and Cashless Policy

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    Jola-Michael Samson. T I smiled when I saw the CBN new cashless policy. The largest cash movement in volume happens within the population at the mid-bottom of the Pyramid. Until we understand the behavior and business activities of the people in the middle-bottom of the pyramid; cashless policy will be unfruitful. According to NDIC three…

  • Perspectives: CBN and Cashless Policy

    Perspectives: CBN and Cashless Policy

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    Jola-Michael Samson. T I smiled when I saw the CBN new cashless policy. The largest cash movement in volume happens within the population at the mid-bottom of the Pyramid. Until we understand the behavior and business activities of the people in the middle-bottom of the pyramid; cashless policy will be unfruitful. According to NDIC three…

  • MTN’s MoMo Agent plans to aid financial inclusion in Nigeria

    MTN’s MoMo Agent plans to aid financial inclusion in Nigeria

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    A subsidiary of MTN Nigeria, Y’ello Digital Financial Services, last month launched its super-agent network service named ‘MoMo Agent.’ The launch held in Abuja after the firm had successfully been awarded a Super-Agent License by the Central Bank of Nigeria (CBN). With the fintech strategy, the company joins the ongoing efforts to accelerate the CBN’s…

  • EcobankPay hits N2bn transactions value

    EcobankPay hits N2bn transactions value

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    Ecobank Nigeria says over 100,000 merchants have been on-boarded on the EcobankPay platform with transaction value reaching N2 billion. EcobankPay offers customers a multi-channel payment experience that includes Mobile QR Payment at merchant stores (mCash, Masterpass and mVisa), Merchant QR is set up via Facebook Messenger as well as USSD payment for low-income phone users.…

  • Affordability, accessibility key to digital financial inclusion — David-West

    Affordability, accessibility key to digital financial inclusion — David-West

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    At the last Vanguard Economic Forum Series, which focused on leveraging Fintech innovation for unlocking growth and competitiveness in Nigeria’s mobile money market and payment ecosystem, Professor Olayinka David-West, Academic Director, Lagos Business School, Pan Atlantic University, delivered the keynote speech. She harped on the importance of adaptation of the innovative products and services to…

  • Why Nigeria Needs To Deepen Its Financial Literacy Level -Toyin F. Sanni

    Why Nigeria Needs To Deepen Its Financial Literacy Level -Toyin F. Sanni

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    Keynote speaker at the recent Capital Market Conference organized by the Securities and Exchange Commission (SEC) in collaboration with the University of Lagos, Mrs Toyin Sanni made a strong case for Nigeria to deepen its financial literacy level.  Mrs Sanni an investment banker and Group CEO of Emerging Africa Capital Group said that the lack…

  • MTN Nigeria subsidiary is going all in with Mobile Money Agent service

    MTN Nigeria subsidiary is going all in with Mobile Money Agent service

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    The character of financial services in Nigeria looks set to be redefined as MTN Nigeria enters the mobile financial services space with the launch of its MoMo Agent service targeting the huge proportion of Nigerians that are underbanked and unbanked. Following months of anticipation, Nigeria’s largest telecoms company by subscribers and the second most valuable…

  • First Bank, easing daily cashless transactions via Visa Multi-currency Card

    First Bank, easing daily cashless transactions via Visa Multi-currency Card

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    Chinwendu Obienyi For several decades, until recently, Nigeria as a predominant consuming society was not disposed to buying goods or making transactions with credit or debit cards. The norm has been to operate exclusively without cash and this approach seems to be more conservative as Nigerians tend to think more carefully before spending their money. It…

  • Nigerian digital bank, Kuda, raises $1.6 Million pre-seed funding in readiness to exit beta

    Nigerian digital bank, Kuda, raises $1.6 Million pre-seed funding in readiness to exit beta

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    When it launched in 2016, fintech startup KUDImoney, offered small loans of up to US$5,000 to individuals and small businesses, repayable over a period of up to 12 months. A year later, it had incorporated a savings service into its platform. And now, three years later, the rebranded fully-fledged online-only digital bank, Kuda, has raised pre-seed…