In today’s world, making financial services accessible is fast becoming a key area of concern to policymakers for the well-known reason that it has far reaching economic implications. To this end, financial inclusion has assumed a greater level of importance due to its perceived relevance as catalyst for economic growth since it is critical for […]
The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Thursday disclosed that the apex bank had issued gender-mandated regulations to pave way for gender diversity and inclusiveness at the top management levels in the Nigerian banking industry, This is even as he declared that the CBN had also surpassed the affirmative action with […]
The Central Bank of Nigeria (CBN) has issued Approvals-in-Principle (AIP) to three Payment Service Banks (PSBs). The three institutions issued approvals in principle to operate as Payment Service Banks are Hope PSB, Money Master PSB and 9PSB. The apex bank, in a statement issued by its Director, Corporate Communications Department of the CBN, Isaac Okorafor, […]
Enhancing Financial Innovation & Access (EFInA), a financial sector development organization that promotes financial inclusion in Nigeria, has reported that 36.8% of the adult population in the country remained financially excluded despite efforts by the fiscal and monetary authorities to bring adults into the financial services net. In its latest ‘2018 EFINA Access to Financial […]