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Financial inclusion

Nine Rescued, Five Revived in Lagos High-Rise Fire

Nine rescued and five revived after a Lagos high-rise fire, sparking new safety concerns in Nigeria’s bustling commercial capital.

Nigerian Sentenced in $6 Million U.S. Fraud Case

Nigerian Ehis Akhimie sentenced to more than eight years in U.S. prison over $6 million inheritance fraud targeting elderly victims

CBN Reforms Boost Investment to Four-Year High

CBN reforms have driven investment inflows to a four-year high in Nigeria, signaling positive economic growth and enhanced investor confidence.

Apps Drive ₦1.22 Trillion Loan Demand in One Year

Mobile loan apps have driven a ₦1.22 trillion loan demand in Nigeria over the past year, highlighting the impact of digital lending on financial inclusion.

Surge in Naira Loan Apps Reflects Nigeria’s Debt Boom

Nigeria experiences a 64% surge in Naira-based loan apps as citizens turn to digital solutions for quick and accessible credit, highlighting economic challenges and opportunities.

Fintech Firms to Resume Customer Enrollment After Regulatory Pause

Nigerian fintech companies will be allowed to resume enrolling new customers in a few months, according to the Central Bank of Nigeria (CBN). The CBN had suspended new customer onboarding in April to address concerns about money laundering.

Over 107 Million Nigerians Now Enrolled in National ID Database

The National Identity Management Commission (NIMC) in Nigeria is making significant strides in its National Identity Number (NIN) enrollment drive. As of May 2024, over 107.3 million Nigerians have been captured in the national identity database. The NIMC is also working to expand capacity to enroll 250 million Nigerians and introducing a new multifunctional National ID Card that offers a variety of functionalities beyond just identification, including financial transactions, access to government services, and travel identification. 

Nigeria’s New Plan to Boost Consumer Credit and Economic Growth

Nigeria’s Federal Government has launched a new initiative to improve consumer credit and stimulate...

Nigerians Deposit More Money in Banks as CBN Boosts Lending and Devaluation Increases Dollar Value

Nigerian banks have witnessed a surge in customer deposits this year, as the Central...

Financial Inclusion for Women in Nigeria: A Game-Changing AI Initiative

At the recent Grand Challenges Annual Meeting in Dakar, Senegal, sponsored by the Bill...

Latest articles

Nine Rescued, Five Revived in Lagos High-Rise Fire

Nine rescued and five revived after a Lagos high-rise fire, sparking new safety concerns in Nigeria’s bustling commercial capital.

Nigerian Sentenced in $6 Million U.S. Fraud Case

Nigerian Ehis Akhimie sentenced to more than eight years in U.S. prison over $6 million inheritance fraud targeting elderly victims

Bandits Abduct 40 Worshippers in Zamfara Mosque Attack

Bandits kidnapped 40 worshippers during prayers in Zamfara, exposing collapse of peace deals in the troubled North-West region.

Dangote Says Refinery Ends Nigeria’s 50-Year Fuel Queues

Dangote refinery marks one year of petrol production, easing Nigeria’s 50-year fuel queues, cutting pump prices, creating jobs, and boosting industrialisation efforts.