Author: admin
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Firm Deepens Financial Inclusion through Digital Payment.
Xpress Payment Solutions Limited has disclosed that it is vigorously driving financial inclusion by taking financial services to the unbanked particularly the rural dwellers. The Managing Director/CEO, Xpress Payment Solutions Limited, Oluwadare Owolabi, stated this at the 19th annual Digital PayExpo conference and exhibition in Lagos. His presentation was titled, “Payment initiatives driving digital financial…
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Riby empowers Nigerians with easy-to-access loan
Finance technology company, Riby, has said it is poised to empower Nigeria’s unbanked population with an array of financial services available at its disposal. The company, headquartered in Lagos, affirmed during a recent media conference, that it aimed to provide access to finance to about 1.5 million Nigerians who find it hard to access credits…
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CBN’s renewed drive for financial inclusion
The Central Bank of Nigeria says it plans to broaden access to financial services to people in under-served parts of the country over the next five years and its ultimate goal is to ensure that 95 per cent of eligible Nigerians have access to financial services by 2024. Olayinka David West; Academic Director and Professor…
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Financial inclusion: Expert advocates mobile money adoption.
by Samson Akintaro The Managing Director, Hollaport Technologies Limited, Mr Kabiru Rabiu, has urged Nigerians to embrace the use of mobile money to deepen financial inclusion in the country. He made this call in Lagos during the launch of a new payment-in-messaging platform that brings a mix of social media excitement with financial technology. The…
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Financial Inclusion: CBN Sets Monthly Customer Target For MFBs .
The Central Bank of Nigeria has set a new target of 64 new customers for micro finance banks in Nigeria, as part of its efforts to achieve its financial inclusion target. The banking regulator stated this in a letter to all microfinance banks on the revised National Financial Inclusion targets on Tuesday. In a bid…
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CBN Governor unfolds five-year agenda, targets increased financial inclusion, bank recapitalisation.
Bassey Udo The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, on Monday unfolded the policy direction of his new five years tenure, promising to facilitate access to financial services to 95 per cent eligible Nigerians by 2024. Mr Emefiele, who acknowledged much was still left to be achieved from a similar agenda set in…
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Using Tech to Seal the Insurance Gap.
Can’t wait to have @tobyhanington Co-founder of @thebaobabnetwork at @africa3_0 organized by @marketmindsltd my company @evolutioneastafrica and our PR Firm @thecurejsoul,he will be moderating a panel on successful partnerships at AFRICA 3.0 event #sealthegap #insurtech EARLYBIRD Tickets on Sale Now! 15th July | VIP Pitching Event, Nairobi. 16th July | Radisson Blu, Nairobi. africa3point0.com
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Using Tech to Seal the Insurance Gap
The conference dubbed Africa 3.O is the first conference outside of London organized by MarketMinds and the event is in partnership with the UK government and will be held on 15th and 16th July, 2019. The two-day event will provide the first platform for tech start-ups in the East African Region specifically in health, agriculture…
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Microinsurance Firms Begin Moves To Insure 80m Nigerians.
Two microinsurance companies has commenced operation, having secured regulatory approval to do so, in a bid to insure about 80 million low income earners in the country, LEADERSHIP can now reveal. The two microinsurers, namely; Goxi and Casava, who have their operations restricted to Lagos State due to the nature of their license, becomes the…
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Nigeria’s pensions potential attracts foreign interest.
Pension savings in Nigeria average out at just over $2,700 per saver. It is a dismal figure, but these people are the fortunate ones: most of the country’s workers do not belong to a retirement scheme at all. A Nigerian who is in a scheme and retires at 50, the age set by the country’s pension system,…