Currently, the conventional banking system in Nigeria is facing fierce competition from financial technology companies popularly known as Fintech, majorly as a fallout of the shoddy implementation of the cashless policy of the CBN...

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.

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…

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 in the agent banking ecosystem have urged Central Bank of Nigeria and Bankers’ committee to review current strategy of shared agents’ network expansion...

The Central Bank of Nigeria (CBN) has pledged commitment to the formulation of appropriate policies to enhance financial inclusion.

The establishment of Shared Agent Network Expansion Facility (SANEF), powered by the Central Bank of Nigeria and Deposit Money Banks, aims to accelerate financial inclusion in Nigeria.

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...

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…

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.

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.

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…