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Financial inclusion

5 Nigerian Media Personalities You Should Follow for Insightful Content

These five Nigerian media personalities are reshaping how we consume content—through stories that inform, entertain, challenge, and reflect today’s realities

Edo Governor Takes Decisive Action Against Vigilante Groups After Uromi Killings

KEY POINTS Edo State Governor, Monday Okpebholo, has suspended all illegal vigilante groups operating...

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...

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5 Nigerian Media Personalities You Should Follow for Insightful Content

These five Nigerian media personalities are reshaping how we consume content—through stories that inform, entertain, challenge, and reflect today’s realities

Edo Governor Takes Decisive Action Against Vigilante Groups After Uromi Killings

KEY POINTS Edo State Governor, Monday Okpebholo, has suspended all illegal vigilante groups operating...

World Bank Approves $500 Million Loan for Nigeria’s Economic Resilience

KEY POINTS $500 million approved for Nigeria’s economic resilience program, targeting food security and...

Tijani’s Appointment Confirmed Despite Insult to Senators–Akpabio

Senate President Akpabio explains why Tijani’s appointment was confirmed despite past controversial remarks, with President Tinubu’s judgment being central to the decision.