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Financial inclusion

Four Rescued After Lagos Building Collapse

Four people were rescued alive after a three-storey building under construction collapsed in Yaba, Lagos, sparking overnight emergency operations

Nigerian Army Kills Militants, Frees Dozens in Raids

The Nigerian Army kills terrorists and rescues 39 hostages in raids that intensify counterterrorism efforts across northern states.

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

Four Rescued After Lagos Building Collapse

Four people were rescued alive after a three-storey building under construction collapsed in Yaba, Lagos, sparking overnight emergency operations

Nigerian Army Kills Militants, Frees Dozens in Raids

The Nigerian Army kills terrorists and rescues 39 hostages in raids that intensify counterterrorism efforts across northern states.

High Cost of Elections: Nigeria Spends Nearly N1tn on Seven Polls in 24 years

Nigeria has spent N981.5bn on elections since 1999, ranking among the world’s costliest. Yet credibility issues and rising disputes cast doubt on the value of the spending.

Oyo, UNICEF Push for Tougher FGM Penalties

Oyo and UNICEF call for tougher FGM penalties, pushing accountability and community reform to safeguard girls from harmful practices.