Author: admin
-
FirstBank Demystifying Financial Inclusion With XploreFirst
Worried by the increasing rate of the unbanked population, the Federal Government, through the Central Bank of Nigeria (CBN), kicked off a campaign in 2012 to achieve 80 per cent financial inclusion of adult population by 2020. The CBN carried out the campaign through agency banking, mobile banking/mobile payments, linkage models and client empowerment, to…
-
Will Facebook Make Crypto Relevant For The Underserved?
Earlier this month, the WSJ reported that Facebook is building a team and getting its crypto ducks in a row to launch a “cryptocurrency-based payments system on the back of its gigantic social network.” Public details on the effort are thin and may have been outshone by news that one of Facebook’s co-founders is calling…
-
Appraising Nigeria’s Agent Banking Policy.
There is no doubt that the Financial System Strategy 2020 goal set by the Central Bank of Nigeria (CBN) towards 80 per cent financial inclusion by 2020 can only be possible by a careful execution and collaboration by every stakeholder. Financial inclusion means that irrespective of income level, all individuals, households and businesses have access…
-
-
-
Micro Pension: PenCom Targets N3tn Assets, 20m Contributors
The National Pension Commission (PenCom) has disclosed its resolve to generate additional N3 trillion assets and 20 million contributors from the micro pension scheme. The Acting Director General of PenCom, Mrs. Aisha Dahir–Umar, said this in response to THISDAY’s enquiries.She also disclosed that the commission is currently consulting with relevant stakeholders on how to drive…
-
Benefits of Micro Pension Scheme
One of the remarkable reforms instituted by the former president Olusegun Obasanjo’s administration was the introduction of the Contributory Pension Scheme (CPS), which replaced the hitherto non-funded Defined Benefit Pension scheme. The CPS, which is funded in nature with the employee contributing eight per cent to his Retirement Savings Account (RSA) and his employer contributing…
-
Key things Buhari said in his speech at the launching of the Micro Pension Plan.
The future seems a bright one for pensioners in Nigeria, particularly those who worked in the federal service, after a commitment by President Muhammadu Buhari who plans to speed up a pension reform. It was obvious in his speech at the launching of the Micro Pension Plan (MPP) at the State House Conference Centre in Abuja, on Thursday, March 28,…
-
Driving Financial Inclusion through Micro-insurance
https://www.thisdaylive.com/index.php/2018/07/18/driving-financial-inclusion-through-micro-insurance/
-
Microfinance takes banking, credit to grassroots.
https://thenationonlineng.net/microfinance-takes-banking-credit-to-grassroots/