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Central bank pledges increase in BVN enrolment

The Central Bank of Nigeria (CBN) has promised to increase the number of bank customers registered on the Bank Verification Number (BVN) system from over 40 million to 100 million in the next five years.

Experts: Economic empowerment key to driving financial inclusion

Experts have posited that the path to sustainable inclusive growth is the key to driving financial inclusion.

EFInA: Over 100 million Nigerians earn less than N700 per day

A survey report by Enhancing Financial Innovation and Access (EFInA) has shown that over 100 million Nigerians earn less than N700 per day which limits them to save, make income or take risks on loans thereby making them financially excluded.

NCC: Why we crashed USSD price cap

Today’s global economy is increasingly dependent on mobile technology. This is not just for telecommunications services but also for a number of other services offered by adjacent industries.

Insecurity, fraud clog financial inclusion stride

As fiscal and monetary authorities collaborate to ensure that Nigerians keep up the 63.6 per cent financial inclusion stride with the aim of attaining the set target of 20 per cent exclusion rate by 2020, the frightening series of bank robberies and frauds in the system may have put a lid on the agenda.

CBN, NDIC, others raise alarm over low-insurance patronage

Tackling low-insurance patronage in the country was the focal point of Friday when the Central Bank of Nigeria (CBN), the Nigerian Deposit Insurance Corporation (NDIC), the National Pension Commission (PenCom) and other members of the financial sector brainstormed in Abuja to unveil a new policy on deepening financial inclusion.

CBN: 36.6 million Nigerians have no access to financial services

The Central Bank of Nigeria says it has received information that 36.6 million Nigerians have no access to financial services.

Financial inclusion rate hits 63.6 percent in 2018

Managing Director, Nigeria Inter Bank Settlement System (NIBSS), Mr Niyi Ajao, says the nation’s financial inclusion rate has increased to 63.6 per cent in 2018 from 45.4 per cent recorded in 2016.

Keystone Bank partners NIPOST, launches agency banking

One of Nigeria’s most reliable financial institutions, Keystone Bank Limited has launched ‘KeyServ’ (An Agency Banking Proposition) to serve customers outside its conventional brick & Mortar mode of banking.

Recent Stories

The Governor of Imo State, Senator Hope Uzodinma, has sacked all chairmen of boards and parastatals in the state, including their members.

Governor Uzodinma speaks on ‘plan to probe’ Emeka Ihedioha

Governor Hope Uzodinma of Imo State, has clarified statements alluding to his alleged plan to probe the administration of his predecessor, Emeka Ihedioha.
Kamaru Usman celebrates after beating Colby Covington. USA TODAY Sports

UFC welterweight champion Kamaru Usman’s Twitter account hacked

UFC welterweight champion Kamaru Usman’s Twitter account has been hacked, with a series of expletive-laden and racist tweets being published.
Sadio Mane is happy to stay at Liverpool for the foreseeable future, according to Jason McAteer, who feels Mohamed Salah is more likely to seek a move away from the club than the Senegal international.

Jason McAteer: Mo Salah more likely to leave Liverpool this summer than Sadio Mane

Sadio Mane is "happy to stay at Liverpool" for the foreseeable future, according to Jason McAteer, who feels Mohamed Salah is more likely to seek a move away from the club than the Senegal international.
President Muhammadu Buhari on Monday signed the finance bill into law.

President Buhari sends message to Emir of Potiskum after bandits attack

President Muhammadu Buhari has assured that his administration would spare no efforts in tracking down criminals who have become a nightmare in the lives of Nigeria, high or low.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

AfDB earmarks $250 million for water, sanitation projects in Abuja

The African Development Bank (AfDB), has revealed that the bank will invest $250 million in the Federal Capital Territory (FCT) water and sanitation integrated project. The project is aimed at improving water supply and sanitation in the satellite towns.