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Enhancing Financial Innovation and Access
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.
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.
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.
The Central Bank of Nigeria says it has received information that 36.6 million Nigerians have no access to financial services.
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.
Lagos State government on Sunday gave an assurance that by December 2020, the Blue Rail Line project will come on stream and will be fully operational in the next two years from Mile 2 to Marina in its aggressive drive to address the transportation problem in the state.
National Leader of the All Progressives Congress (APC), Senator Bola Tinubu, has identified the need for all and sundry to be committed to steadying the nation with a view to handing over a vibrant and strengthened nation to young leaders.
The Arewa Consultative Forum (ACF) has described the killing of four aid workers by Boko Haram in Borno State on Saturday as a clear desecration of Islam which preaches sacred inviolability of the individual.
Embattled and suspended president of the Athletics Federation of Nigeria, Shehu Ibrahim Gusau, has been given Wednesday, December 18, 2019, to appear before the panel set up by the federation investigating allegations of financial impropriety, misapplication of funds and breaches of the AFN constitution against him.
D’Tigress Head Coach Hughley Otis Jr. has named 2019 Nigeria Women’s Premier League MVP Musa Murjanatu in the 14-player roster for the FIBA Women’s Olympic Qualifying Tournament next year.
The former Watford forward posted the news on his social media pages with the caption ‘R.I.P sister 12-12-19 along with pictures of their happy moments.
Bayern Munich players were quick to praise Philippe Coutinho after the Barcelona loanee bagged a brilliant hat-trick in Saturday’s thrashing of Werder Bremen.
Former junior international football sensation Philip Osondu has been reported dead today in his base in Belgium.
Those hoping for an early resolution of the controversy over the rightful owner of the Kogi People’s Democratic Party, PDP Governorship ticket have had their waiting time extended.
Alternative music singer and songwriter Johnny Drille pulled a heavyweight performance at his sold-out concert in Abuja on Sunday night.