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NDIC to partner national institute on financial inclusion

March 11, 2020 Editorial III 0

The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has called for close partnership and collaboration with Alumni Association of the National Institute (AANI) for the rapid economic development of the country. The NDIC Boss made the statement while receiving the Alumni Association of the Institute which paid a courtesy visit on him at the Head Office Read More

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15 million Nigerian children in need of basic support –UNICEF

November 7, 2019 Editorial IV 0

United Nations Children’s Fund (UNICEF) has said about 15 million children in Nigeria are seriously in need of basic support in various aspects of their lives. The disclosure was made by the UNICEF Chief of Field Office in Enugu, Ibrahim Conteh, while delivering his remarks at the opening session of an event to mark the 30th anniversary of the inauguration Read More

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Re-introduction of cashless policy’ll encourage electronic payments- NEFF

September 30, 2019 Editorial IV 0

The Chairman, Nigeria Electronic Fraud Forum, (NEFF), Samuel Okojere has said that the re-introduction of cashless policy in the system  by the Central Bank of Nigeria (CBN) will encourage electronic payments, reduce risks in cash usage. Okojere also said that it will encourage financial inclusion as no fee is attached to cashless policy or tax on cash-outs. Okojere made this Read More

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Stakeholders to ponder on deepening micro insurance/pension penetration

August 9, 2019 Editorial IV 0

As Nigeria seeks to drive financial inclusion with the target of achieving 80 per cent penetration by 2020, stakeholders in the financial service sector will converge to discuss the Micro insurance guideline and Micro Pension Plans and how it can be an effective tool to deepen financial inclusion in the country. The stakeholders who will converge at the 4th edition of Read More

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Access Bank promotes women into leadership positions

June 19, 2019 Editorial IV 0

The Nigerian group has adopted a proactive strategy to promote the advancement of women within its ranks as well as creating targeted financial products for them. How can African women break the glass ceiling that limits them in the world of work? In Nigeria, Access Bank has been developing a proactive strategy to empower women within the company for several Read More

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UPMFB advances N267.927m loan to 1125 beneficiaries in 1Q

May 12, 2019 Editorial IV 0

In its bid to continue playing an active role in the eradication of poverty and enhancing government’s policy of financial inclusion of the active poor, the management of Umuchinemere Pro-credit Micro Finance Bank (UPMFB), said it advanced loans amounting to N267,927,300 to 1,125 beneficiaries in the first three months of 2019. The bank said this represents a drop of N3,607,900, Read More

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PenCom targets coverage of 30m informal sector operators by 2024

March 26, 2019 Editorial IV 0

The National Pension Commission (PenCom) has said the goal of its Micro Pension Plan (MPP) is to achieve coverage of 30 million people in the informal sector by 2024. The Head of Corporate Communications of PenCom, Mr Peter Aghahowa, made the disclosure in a statement in Abuja on Tuesday. Aghahowa, who said President Muhammadu Buhari would launch the MPP on March Read More

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Mobile money accounts surpasse bank accounts – IMF

February 14, 2019 Editorial IV 0

International Monetary Fund (IMF) has said the use of mobile money has grown exponentially over the past 10 years in Subsahara Africa , making the region the global leader in mobile money innovation, adoption, and usage. It said M-Pesa services are now offered in countries as diverse as Albania, D.R. Congo, Egypt, Ghana, India, Kenya, Lesotho, Mozambique, Romania, and Tanzania. Read More

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Invest in capital market, SEC tells Nigerians

October 5, 2018 Blueprint 0

The Securities and Exchange Commission (SEC) has called on Nigerians to take advantage of various financial services and invest in the capital market. The Acting Director-General, Ms Mary Uduk, said this at the Investors Week/financial inclusion sensitization programme yesterday in Gwagwalada, a suburb of the Federal Capital Territory (FCT). According to the Ag. DG in her welcome address at the Read More

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NIPOST has expanded its frontiers – PMG

October 3, 2018 Blueprint 0

For the Nigerian Postal Service (NIPOST) to play its role of creating an inclusive society and make greater contribution to socio-economic development, it has expanded its frontiers, the Postmaster General of the Federation, Barr Bisi Adegbuyi has stated. Speaking at the on-going the 13th Abuja International Trade Fair, he said “with many countries stepping up efforts to achieve UN Sustainable Read More

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Bad news from NIBSS, BY Jerry Uwah

April 3, 2018 Editorial IV 0

Recent data from Nigeria Inter-Bank Settlement System (NIBSS) website should give the generals in the financial inclusion war room of the Central Bank of Nigeria (CBN) some sleepless nights. The good news from NIBSS is that the number of accountholders captured in the Bank Verification Number (BVN) platform has climbed from 26 million in 2016 to a record 41.3 million Read More

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SEC targets increased financial inclusion by 2020

February 19, 2018 Editorial IV 0

Abuja The Securities and Exchange Commission (SEC) has said that it aims to achieve increased level of financial inclusion of Nigerians by the year 2020. Acting Director General of the SEC, Dr. Abdul Zubair stated this during a financial inclusion sensitization campaign held in Karshi, Abuja at the weekend. Represented by Director Market Development Department of the Commission, Mr. Abdul Read More

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We ensure financial, institutions’ safety, stability – NDIC boss

December 1, 2017 Editorial IV 0

By Bashir Mohammed Kano Managing Director and Chief Executive Officer, Nigerian Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has said that the Corporation was out to ensure the safety and stability of Financial Institutions. According to him, that depositor remains the priority of the NDIC as its mandate was focused on the protection of their deposits. Speaking at the NDIC Read More

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NDIC, financial inclusion and the media

November 24, 2017 Editorial IV 0

By Suleiman Uba Gaya It has since become an annual ritual. As the Nigeria Deposit Insurance Corporation (NDIC) gets set to host this year’s workshop for business editors and finance correspondents in Nigeria, one thing that has remained dear to the management is financial inclusion and saving the deposits in unsafe places of 72 million Nigerians who don’t have bank Read More