CBN NGN50 Billion Facility for Households & MSMEs in Nigeria
In March 2020, the Central Bank of Nigeria released Guidelines for the Implementation of the NGN 50 Billion Targeted Credit Facility aimed at providing succor to households and MSMEs that have been adversely affected by COVID-19.
CBN Cuts Interest Rates, Provides N50 Billion Credit
The Central Bank of Nigeria has announced its first set of policies to cushion the negative impact the deadly Coronavirus on Nigerian businesses and economy.
Nigeria: Citygate Microfinance Launches Digital Loan App
A microfinance institution, Citygate Global, has unveiled a multi-purpose mobile loan application, Monéé, which was designed to also cater for loan, savings, funds transfer services, investment, bill payment and others.
Small World Launches USD Payout Service in Nigeria
This initiative follows the Central Bank of Nigeria (CBN) directive to enable global money transfers to be paid in US Dollars in an effort to streamline and increase the flow of formal diaspora remittances into Nigeria.
Driving Women’s Financial Inclusion in Nigeria by Leveraging Agent Networks
The Central Bank of Nigeria, supported by the Alliance for Financial Inclusion, developed and launched the Framework for Advancing Women’s Financial Inclusion in Nigeria, aiming to close the gap by 2024.
Payrail Agency Partners With Mercy Corps to Revolutionize Financial Inclusion in Nigeria
With this launch and with an ongoing collaboration with Mercy Corps, Payrail Agency hopes to offer a bouquet of services to solve diverse business needs and challenges of small holder farmers.
Mercy Corps, LAPO Microfinance Bank Sign 200 M Empowerment Scheme in Nigeria
The scheme is designed to make credit facilities accessible to 90,000 low-income households comprising smallholder farmers and microenterprises in Northeast states of the country.
Nigeria: Firms Announce $3M Partnership to Drive Financial Inclusion Among Independent Commercial Drivers
Through this partnership, more than 5,000 MAX drivers will also gain access to digital financial services offered by VFD Microfinance bank.
Fintech Pledges to Deepen Financial Inclusion in Nigeria
The new products and services offered by the digital banking platform NowNow will further enhance its already existing services, consumer banking, agency banking and merchant payment solutions.
Software Group Launches Fast-Track Agency Banking to Accelerate Race to Reach Nigeria’s Unbanked
In a statement issued on Thursday, the group said the launch would provide solution to the lack of easily accessible bank branches across the country which has affected about 38 million of unbanked Nigerian adults.