The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Friday made elaborate clarifications on why the apex bank came up with sundry monetary policy measures in recent weeks, saying that the steps are intended to sustain transparency in financial system transactions, deepen financial inclusion and give the cashless policy a new […]
In furtherance of its implementation of the National Financial Inclusion Strategy, the Central Bank of Nigeria has released new guidelines for the establishment of Payment Service Banks in rural areas across the country. To achieve this objective, the apex bank on Sunday stated in the draft guidelines for the regulation of the proposed banks that […]
As part of their shared mission to boost financial inclusion in Nigeria, Oradian and the Association of Non Bank Microfinance Institution of Nigeria (ANMFIN) have launched a strategic partnership. A news report circulated by Africa Press Organisation (APO) Group on the deal quoted the ANMFIN President, Princess Adesola Ogunleye, as expressing the association’s happiness on […]
The Chairman, Abuja Municipal Area Council (AMAC), Abdullahi Adamu Candido, on Thursday explained that the council floated a Micro Finance Bank (MFB) in furtherance of its efforts to support grassroots people and assist Micro, Small and Medium Enterprises (MSMEs) owners grow their businesses. The local government chairman gave this hint when he received the FCT’s […]
The National Insurance Commission, NAICOM, has liberalised the licensing of operators for Takaful insurance with a view to bringing specialists outside the mainstream insurance industry into the sector. Already, the Commission has licensed two such Takaful operators even as three other applications are being considered for licensing too. This is even as it has also concluded the […]