Category: Financial Inclusion
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CBN’s financial inclusion to focus on women, North
Nike Popoola The National Financial Inclusion Strategy being driven by the Central Bank of Nigeria will give more attention to women and the northern part of the country in the drive to achieve 20 per cent financial exclusion target by 2020. The Governor, Central Bank of Nigeria, Godwin Emefiele, disclosed this in the National Financial…
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BUSINESSZenith Bank Drives Convenient Banking And Financial Inclusion With Z-Money
Nigeria’s leading financial institution, Zenith Bank Plc, has introduced Z-Money, which brings banking services closer to its customers and enhance financial inclusion among the under-banked and unbanked populace of the country. Z-Money is an agency banking product of the bank which entails the onboarding of agents who are expected to render basic financial services on…
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Financial inclusion: Making millionaires of savers
Banks are making inroads into the financial services markets with products that encourage customers to save and win millions in gift and cash prizes. COLLINS NWEZE looks at the creativity lenders are bringing to the marketplace and how it has triggered a new push to achieve Central Bank of Nigeria (CBN’s) financial inclusion plan and…
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With Two PSB Licences, Telcos Set to Deepen CBN’s Financial Inclusion
Emma Okonji and Nosa Alekhuogie Fresh facts have emerged that two out of the three institutions the Central Bank of Nigeria (CBN) recently granted Approval-in-Principle (AIP) to commence operations as Payment Service Banks (PSBs) are owned by two of the leading telecommunications companies (telcos), THISDAY investigation has revealed. THISDAY gathered that with this development, telcos…
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Financial inclusion, savings culture key to growth – Nnamdi Okonkwo
The pursuit of financial inclusion as a national strategy to support the poor and small businesses, as well as instill a savings culture, has been described as key to growth of the economy. The Managing Director of Fidelity Bank Plc, Nnamdi Okonkwo, who made the observation, also said the success of the financial inclusion drive…
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Taj Bank, Smart Save to boost financial inclusion
Founder and chief operating officer of the newly licensed bank Taj Bank, Hamid Joda, said the bank has partnered with Smart Save Integrated Technologies Limited to allow people save their money from their little earnings for a target. Speaking to newsmen in Kano, Joda said the bank has seen an opportunity to reduce the financial…