Author: admin
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Improving access to credit will increase productivity – Popoola
Incorporated in 2006, CRC Credit Bureau was licensed and commenced live operations in 2009. Ten years after getting into the fray, its Managing Director, Tunde Popoola, told OLAWUNMI OJO that government could ease access to credit in the country in order to empower Nigerians and enhance the growth of micro, small and medium enterprises (MSMEs),…
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Aisha Ahmad, Others To Chart Roadmap For Financial Inclusion
Deputy Governor, Financial Systems Stability Directorate, Central Bank of Nigeria (CBN) Aisha Ahmad will lead a stellar lineup of dignitaries for the annual Financial Inclusion Conference organised by leading financial sector development organisation, Enhancing Financial Innovation & Access (EFInA). The event scheduled for December 9, 2019, at the Eko Hotel and Suites, Lagos, seeks to…
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MasterCard boss calls for inclusive digital economy
Ifeanyi Onuba, Abuja The President, sub-Saharan Africa, Mastercard, Mr Raghav Prasad, has said there is a need for government to create an inclusive digital economy that will formalise the informal economy, boost growth and productivity. He also said digitalisation of Nigeria’s economy would accelerate the financial inclusion programme of the Federal Government. He said this…
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Everything you need to know about African fintech right now.
Africa-focused financial technology startups are, by far, the tech rave of the moment. In each of the last three years, startups in the sector have received more investment than other sectors – and there’s a basis for this. Across the continent, fintech isn’t so much disrupting traditional financial services as building up a historically underdeveloped…
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Retrogressive policies hurting cashless system
CHUKWUEMEKA FRED AGBATA JNR. (CFA) Technology is not a fix-all thing, I must admit. However, I am extremely convinced that countries such as Nigeria battling the monster known as corruption needs technology in many ways. In the case of Nigeria, I can say for certain that the implementation of a number of technology-driven policies such…
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‘Over 40m Nigerians Without Bank Account’
Yinka Kolawole in Osogbo Access Bank’s Group Head Retail Operations, Mr. Abraham Aziegbe, yesterday said over 40 million Nigerians were under-banked, adding that the situation had adversely affected economic development and growth of Nigeria over the years. He said the most pragmatic approach to such economic defect was to institutionalise financial inclusion in all the communities of Nigeria…
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How Islamic Finance Can Deepen Financial Inclusion In Nigeria – Hassan Usman, MD, Jaiz Bank
On the sidelines of the 4th African International Conference on Islamic Finance, Bukola Akinyele of WebTV discussed with Mr Hassan Usman, MD/CEO, Jaiz Bank on “Islamic Finance as a Tool for Financial Inclusion in Nigeria”. Excerpts of the discussion appear below; Bukola Akinyele As Nigeria seeks to achieve 80% adult financial inclusion by 2020, Islamic finance…
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First online financial education platform launched in Lagos
Gilbert Ekezie Omilola Oshikoya International has launched the Tech World of Finance, www.wofin.org – the first of its kind online financial education platform in the world. The event took place at the Africa Fintech Foundry, Victoria Island, Lagos recently. Speaking at the launch, founder of The Tech World of Finance and Africa’s Wealth Connoisseur, Omilola…
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Stakeholders At AICIF 2019 Urge For Expansion of Sukuk, Waqf and Takaful
Stakeholders at the just concluded 4th edition of the African International Conference on Islamic Finance, AICIF, agreed that there should be conscious steps to broaden the Sukuk, Waqf and Takaful finance and insurance options to improve infrastructure development, financial inclusion and economic prosperity in Africa. The submission of session speakers covered some key topics at the…
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Mobile banking, a panacea to driving inclusion
As Nigeria intensifies efforts to improve its financial inclusion drive, the country has been urged to maximise the potential mobile banking technology can offer in deepening the initiative. This move becomes critical because of the digital disruptions the financial sector is witnessing, which have left commercial banks struggling to offset high operating costs of opening…