The channels for delivering the above financial services were equally targeted to improve, with deposit money bank branches targeted to increase from 6.8 units per 100,000 adults in 2010 to 7.6 units per 100,000 adults in 2020, microfinance bank branches to increase from 2.9 units to 5.5 units...
In a recently released set of guidelines, the Central Bank of Nigeria (CBN) has stated that Payment Service Banks (PSBs) cannot accept foreign currency deposits or accept any closed scheme electronic value (e.g. airtime) as a form of deposit or payment. The aforementioned and ...
Exercising its mandate, the Central Bank of Nigeria (CBN) last week revoked the operating licenses of 132 microfinance banks (MFBs) alongside three finance companies and four primary mortgage banks. According to the Governor of the apex bank, Godwin Emefiele, the firms had failed to fulfil or c...
IFC partners Nigeria’s LAPO to expand microfinance in sub-Saharan Africa IFC said supporting financial inclusion is an important part of its strategy in Africa to boost private sector growth and ... NEXIM Bank signs agreement to increase bankable projects in trade sector NEXIM ...
IFC partners Nigeria’s LAPO to expand microfinance in sub-Saharan Africa IFC said supporting financial inclusion is an important part of its strategy in Africa to boost private sector growth and ... NEXIM Bank signs agreement to increase bankable projects in trade ...