Nigeria has failed to meet the 70 per cent financial inclusion target set for 2020, as 86 million adults were negatively affected by the COVID-19 pandemic.

For the first time, more than half of Nigerian adults are using formal (regulated) financial services, according to newly published data from EFInA (Enhancing Financial Innovation & Access). The EFInA Access to Financial Services in Nigeria 2020 Survey shows that 51% of Nigerian adults are using formal financial services, such as bank, microfinance bank, mobile…

Overcoming gender gap in Nigeria represents a major obstacle that must be resolved if the country must achieve set targets in its National Financial Inclusion Strategy (NFIS).

The Central Bank of Nigeria (CBN) said it has currently implemented more practical measures to reduce the percentage of adult Nigerians excluded from access to financial services and achieve 20 percent adult exclusion target by 2020.

The burden of delivering financial inclusion to the last mile has become one that needs the strategic participation of all industry stakeholders in the ecosystem, so as to deliver value propositions that will deepen financial services culture for the benefit of the citizenry. These were the views of participants at the 2019 Mobile Money Conference,…

From the Central Bank of Nigeria (CBN) and the Financial Institutions Training Centre(FITC), to the experts in the nation’s financial services sector, Financial Technology (Fintech) is not just the way to, but full of potentials to efficiently drive the economy.

The Central Bank of Nigeria’s (CBN) Deputy Governor in charge of Financial Systems Stability, Mrs. Aishah Ahmad...

The Vice President of the Federal Republic of Nigeria, Yemi Osinbajo, the former Head of State, General Yakubu Gowon, and Chairman...

Nigeria’s central bank governor for the next five years will have to balance fighting inflation and propping up the currency against pressure to boost an economy that’s expanding slower than emerging-market peers. Godwin Emefiele’s first five-year term ends in June and he could be reappointed. But with less than a month to go, the top…

The Central Bank of Nigeria (CBN) has tasked stakeholders in the finance industry to scale up their capacity to innovate by developing products that would meet customers’ needs and enhance their capacity in handling transactions.    This charge was made by the Governor, CBN, Godwin Emefiele, represented by Deputy Governor, Financial Systems Stability, Aishah Ahmad,…

Nigeria’s leading women’s forum, Women in Management, Business and Public Service (WIMBIZ), will hold a one-day summit on Thursday, September 27 at the Shehu Musa Yar’dua Centre in Abuja.

As the country’s economy worsens by the day, experts are beginning to see alternative ways to engaging and directing the immense energies and talents of young people to positive use.