Author: admin
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Sanusi Calls For Robust Regulatory and Legal Framework To Deepen Non-Interest Finance In Nigeria
The Emir of Kano HRH Muhammad Sanusi, II, CON has called for robust regulatory and legal framework to deepen non-interest finance in Nigeria. This, according to him, was an essential condition to the sustainable growth of alternative financing models in the country. He made this assertion as keynote speaker at the 4th African International Conference on…
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Infrastructure Financing, Sustainability and the Future of African Markets
AICIF NEWS RELEASE All is set to host the 4th African International Conference on Islamic Finance (AICIF), which is scheduled to hold on Monday 4th and Tuesday, 5th November 2019. The two-day event, which will take place at Eko Hotels & Suites, Victoria Island, Lagos, will bring together experts in finance, infrastructure and various other…
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Ecobank Says No Charges on USSD Transactions, Seeks Stakeholders’ Collaboration
Ecobank Nigeria has announced that access to its *326# Unstructured Supplementary Service Data (USSD) is at zero cost to the consumer. By this announcement an Ecobank customer who performs transactions on the bank’s platform by dialing *326# is free of the USSD session fee. Patrick Akinwuntan, Managing Director, Ecobank Nigeria who declared this at the…
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Here’s why fintechs need Nigeria’s capital market. And vice versa
For many young Nigerians and business owners, fintechs have made payments easier, lending quicker and wealth management more relatable. Collaborating with and competing against traditional financial institutions, relatively new companies like Paystack, Piggyvest and kwikmoney have experienced impressive user adoption, propelling financial inclusion at a rate arguably faster than at any time in the past…
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Reasoning together on CBN’s efforts to curtail voluminous cash
[FILES] Central Bank of Nigeria’s (CBN) governor Godwin EmefieleThe power of cash comes from the fact that it is tangible; this mystique is what ensures that a set of rectangular notes or circular coins can give effect to the laws of demand and supply. This character confers physical money with the overwhelming influence it possesses…
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Anticipated Gains of CBN’s Financial Inclusion Policy
Nkechi Ibe The overall objective of financial inclusion as stipulated in the 2018 Annual Report National Financial Inclusion Strategy (NFIS) Implementation is to bring the underserved segment of the population (unbanked population) into the formal financial system by providing them with access to financial services. The policymakers argue that an improved access to finance is…
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Taiwo Joda wins Financial Inclusion Award 2019
At the just concluded Financial Inclusion Week Nigeria 2019 in Lagos Nigeria Mr. Taiwo Joda, the MD/CEO of Accion of Mfb has been awarded the Leadership award for the year 2019. The organizers of the event, Financial Inclusion Nigeria through one of its directors Mr. Mayowa Ajetunmobi presented the award. The award was in recoginistion…