Financial inclusion agents groan as SANEF fails to achieve interoperability
Two months after, financial inclusion agents under the network of Shared Agent Network Expansion Facility, SANEFare yet to enjoy interoperability promised them, Nigeria CommunicationsWeek checks reveals.
North accounts for 68.6% of financially excluded Nigerians
The three northern regions currently account for the most financially-excluded areas in Nigeria, a survey by the Enhancing Financial Innovation & Access (EFInA), revealed. Specifically, the North East has 38.4 per cent excluded adults; North West 18.3 per cent and North Central 11.9 per cent. South West recorded 11.5 per cent excluded adults, South East…
Bankers’ institute pledges financial institutions’ commitment to SANEF
The Chartered Institute of Bankers of Nigeria (CIBN) has said that financial institutions in Nigeria are committed to the Shared Agent Network Expansion Facilities (SANEF), which is an initiative of the Central Bank of Nigeria (CBN) and Bankers Committee that entails an aggressive roll out of 500,000-agent network to offer basic financial services. The initiative…
Stakeholders seek review of SANEF strategy
Stakeholders in the agent banking ecosystem have urged Central Bank of Nigeria and Bankers’ committee to review current strategy of shared agents’ network expansion...
CBN pledges commitment to financial inclusion
The Central Bank of Nigeria (CBN) has pledged commitment to the formulation of appropriate policies to enhance financial inclusion.
AMMAN seeks role in SANEF for growth
Worried by the identified challenge of recruitment of agents without transactions in the Central Bank of Nigeria and Bankers’ committee shared agents network expansion initiative...
Mobile money agents conference to focus on driving financial inclusion
The 3rd annual conference of the Association of Mobile Money Agents in Nigeria (AMMAN) 2018 will be focusing on how to drive Central Bank of Nigeria Financial inclusion initiative. The conference is scheduled to hold on November 8, at Radisson Blu hotel, Ikeja with the theme ‘Driving Inclusion: Exploring Agency Banking with Shared Network’. Victor…
Banking sector’s SANEF and search for 40m new identities
The nation’s banking sector is taking another big leap and responsibility with the Shared Agent Network Expansion Facility (SANEF), as it pursues the realisation of a plan that wholly reflects commitments to achieving the 80 per cent target on financial inclusion, in about 28 months from now.
Banks target 35 million new customers in two years
The 80 per cent financial inclusion target by 2020 is still in the build up, as the banking industry has unveiled a new strategy to get 35 million new customers into the financial system in the next 28 months.
CeBIH to expedite financial inclusion leveraging digital, says Stanley
Committee of E-Business Industry Heads (CeBIH) will promote digital solutions targeted at the bottom of the pyramid in a bid to expedite access to financial services across the country. Mr. Stanley Jacob, newly elected Chairman CeBIH, stated this in his acceptance speech at the election of new executives held in Lagos at the Keystone Bank…