Enhancing Financial Innovation and Access
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.
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NSE: Investors react positively to ministers’ inauguration, assignment
Investors on the Nigerian Stock Exchange (NSE) on Wednesday reacted positively to the inauguration and assignment of ministers to various portfolios by President Muhammadu Buhari.
President Buhari warns cabinet members against unnecessary altercation
President Muhammadu Buhari on Wednesday in Abuja, cautioned new cabinet Ministers against unnecessary altercation while discharging their responsibilities.
Kaduna election: Tribunal dismisses Shehu Sani’s petition for lack of merit
The National Assembly Election Petitions Tribunal in Kaduna has dismissed the petition challenging the election of Senator Uba Sani as the lawmaker representing Kaduna Central Senatorial District at the National Assembly.
President Buhari approves appointment of aides for First Lady
President Muhammadu Buhari has approved the appointment of aides for the Office of the First Lady, occupied by Hajia Aisha Buhari.
Ugandan, Rwandan leaders sign pact to end months-long standoff
The presidents of Rwanda and Uganda on Wednesday signed an agreement in Angola to end months of tensions after the two leaders exchanged accusations of spying, political assassinations and meddling.
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Student kicks out man’s tooth over girlfriend’s misconduct
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Stakeholders react to forex ban on food importation
Mix reactions from stakeholders in the agricultural sector on Thursday trailed President Muhammadu Buhari’s directive to the Central Bank of Nigeria (CBN), to stop providing fund for food importation.
Senator Okorocha urges supporters to resist attacks
Former Imo State Governor Rochas Okorocha has urged his supporters to resist further attacks from the government. He said he would no longer tolerate unwarranted assaults on his person and relatives.