Category: Financial Inclusion

A recent research conducted by Enhancing Financial Innovations and Access (EFInA) revealed that women in northern Nigeria are more financially excluded than their counterparts in the south. In the report ‘Assessment of women’s financial inclusion in Nigeria’ EFInA explained that the inclusion gap experienced by women across different regions in the country might be the…

Focus on women, youth will stimulate financial inclusion

Dec 11, 2019

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The Central Bank of Nigeria (CBN) says focus on women and youth would help stimulate financial inclusive growth in the country. Mrs. Aisha Ahmad, Deputy Governor, Financial Systems Stability Directorate of CBN, made the assertion at the Enhancing Financial Innovation and Access (EFInA) 2019 Financial Inclusion Conference in Lagos on Monday. She discussed on the…

EFInA: More women use informal financial services

Dec 10, 2019

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By Collins Nweze Joint reserach conducted by the Central Bank of Nigeria (CBN) and Enhancing Financial Innovation & Access (EFInA) has shown that women have greater access to informal financial services than men. The Assessment of Women’s Financial Inclusion in Nigeria report, launched yesterday in Lagos, showed that women exhibit relatively high access and usage…

Digital Banking Driving Financial Inclusion – Report

Dec 10, 2019

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in Digital Banking, Financial Inclusion

By Hamid Ayodeji Due to the increase in the number of Nigerians with access to mobile phones and the increasing internet penetration in Nigeria estimated at 56.4 per cent, the digital banking industry is currently experiencing significant growth with enormous opportunities more than ever before. This has encouraged several banks to take advantage of this…

Financial Service Innovators launches first Nigerian Industry Innovation Sandbox with backing from Flourish, EFInA, NIBSS, and CBN

Dec 10, 2019

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The Industry Innovation Sandbox will connect innovators to regulators in order to responsibly bring new financial services solutions to the market. Lagos, Nigeria – December 9, 2019 – The Financial Services Innovators (FSI), a community of Fintech enthusiasts passionate about driving innovation in the financial services industry, announced today the launch of the Nigerian Industry Innovation…

Nigeria’s Central Bank, in Bid to Help Nation’s Underbanked, Takes Measure to Boost Payment Firms

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in Financial Inclusion, FINTECH

Nigeria’s central bank is planning to issue licenses to more payment providers, aiming to “improve the country’s financial-inclusion rate to 80% by the end of next year from about 60%,” Bloomberg reports. Central Bank of Nigeria Governor Godwin Emefiele spoke in Abuja last week, promising the new licenses “will help support innovation and competition as all…

QuickCheck partners Jumia, PayAttitude for financial inclusion

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in Financial Inclusion, Mobile Lending

QuickCheck, a micro-lending mobile platform that provides collateral-free loans, has announced its new partnerships with Jumia and PayAttitude, to provide credit access as a catalyst for economic growth and development. According to the Chief Executive Officer (CEO), Fabiano Di Tomaso, increased e-commerce transactions and smartphone penetration are indicative of a population segment seeking a higher…

Report: Digital Banking Driving Financial Inclusion

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in Digital Banking, Financial Inclusion

Hamid Ayodeji Due to the increase in the number of Nigerians with access to mobile phones and the increasing internet penetration in Nigeria estimated at 56.4 per cent, the digital banking industry is currently experiencing significant growth with enormous opportunities more than ever before. This has encouraged several banks to take advantage of this opportunity…

Improving access to credit will increase productivity – Popoola

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