Category: Microfinance
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Firm Deepens Financial Inclusion through Digital Payment.
Xpress Payment Solutions Limited has disclosed that it is vigorously driving financial inclusion by taking financial services to the unbanked particularly the rural dwellers. The Managing Director/CEO, Xpress Payment Solutions Limited, Oluwadare Owolabi, stated this at the 19th annual Digital PayExpo conference and exhibition in Lagos. His presentation was titled, “Payment initiatives driving digital financial…
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Riby empowers Nigerians with easy-to-access loan
Finance technology company, Riby, has said it is poised to empower Nigeria’s unbanked population with an array of financial services available at its disposal. The company, headquartered in Lagos, affirmed during a recent media conference, that it aimed to provide access to finance to about 1.5 million Nigerians who find it hard to access credits…
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CBN’s renewed drive for financial inclusion
The Central Bank of Nigeria says it plans to broaden access to financial services to people in under-served parts of the country over the next five years and its ultimate goal is to ensure that 95 per cent of eligible Nigerians have access to financial services by 2024. Olayinka David West; Academic Director and Professor…
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Financial Inclusion: CBN Sets Monthly Customer Target For MFBs .
The Central Bank of Nigeria has set a new target of 64 new customers for micro finance banks in Nigeria, as part of its efforts to achieve its financial inclusion target. The banking regulator stated this in a letter to all microfinance banks on the revised National Financial Inclusion targets on Tuesday. In a bid…
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Financial Inclusion- Illiteracy, an induced impediment.
Samson .T Jola-Michael: Financial Inclusionist. A common attribute of the financially excluded population is illiteracy except on few occasions. According to Oxford dictionaries; Illiteracy means inability to read or write. Our society has magnified this inability and made it become an impediment in interacting with the financial sector; since we often unconsciously specify the interpretation…
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Microfinance Banks in Nigeria- The Prospects.
Jola-michael Samson. T : Financial Inclusionist. Provision of loans is what most people know about microfinance; it is also the provision of payments services to the low-income earner. Microfinance Bank was established by the Central Bank of Nigeria (CBN) to provide these services in order to alleviate poverty. It is evident that this goal has…
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Microfinance takes banking, credit to grassroots.
https://thenationonlineng.net/microfinance-takes-banking-credit-to-grassroots/