All News and Announcements
Boosting Financial Inclusion With National Domestic Card Scheme
The development of the digital currency was born out of the need to provide "financial inclusion to the 36 million Nigerians who currently lack access to financial services."
LAPO MfB Wins Microfinance Bank of The Year Award
A release by the Head of Communications & Branding at LAPO indicates that “LAPO MfB has won this award category for the ninth consecutive times."
Nigerian Digital Lender Payhippo Acquires Microfinance Bank
Payhippo says this acquisition will enable them to directly access Nigeria’s Inter-bank Settlement System.
Opportunity International Awarded $2 Million Grant From Visa Foundation to Remove Barriers and Unlock Capital to Women-Led Business
The grant will allow Opportunity International to provide micro and small business loans, digital tools and specialized technical training to women-led small- and micro businesses in the Democratic Republic of the Congo (DRC), Ghana, Nigeria and Uganda.
Nigeria’s Real-Time Payment Transactions Surge 95 Percent in 2021
Nigeria is looking to real-time payments to help drive economic growth and financial inclusion as its volume of real-time transactions surged year-on-year by 94.7 percent to 3.7 billion in 2021.
U.S Agency Commits $280M in Financing for Access Bank to Boost Financial Inclusion
The loan is expected to support at least 4,000 new SME loans in Nigeria.
Airtel Africa Launches Smartcash Payment Service Bank
Services the bank will offer include accepting deposits from individuals and small businesses, carrying out payment and remittance services within Nigeria, issuing debit and prepaid cards and more.
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.
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.