All News and Announcements
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.
Software Group Launches Fast-Track Agency Banking to Accelerate Race to Reach Nigeria’s Unbanked
In a statement issued on Thursday, the group said the launch would provide solution to the lack of easily accessible bank branches across the country which has affected about 38 million of unbanked Nigerian adults.
Mercy Corps, LAPO Microfinance Bank Sign 200 M Empowerment Scheme in Nigeria
The scheme is designed to make credit facilities accessible to 90,000 low-income households comprising smallholder farmers and microenterprises in Northeast states of the country.
Payrail Agency Partners With Mercy Corps to Revolutionize Financial Inclusion in Nigeria
With this launch and with an ongoing collaboration with Mercy Corps, Payrail Agency hopes to offer a bouquet of services to solve diverse business needs and challenges of small holder farmers.
Advans Nigeria Wins "Microfinance Bank Brand of the Year 2021" at BAFI Awards
The Banks and Other Financial Institutions’ (BAFI) Awards is annual event set up to recognize and celebrate organizations that have achieved excellence in the delivery of their financial services across the entire client/customer spectrum and contributed to the industry’s overall growth.
Opportunity International and Oikocredit Announce $100 Million Impact Investment Agreement to Advance the Education Sector in Low-income Countries
Opportunity International and Oikocredit will mobilize the funds over the next three years with an initial, near-term focus on Ghana, Kenya, Nigeria, Senegal, and Uganda.
Nigeria: Richway Microfinance Bank Wins Best SME Support Bank of the Year 2021 Award
Richway beat a host of other banks at the International Standards Excellence Award 2021, to take home the Award for performing exceptionally in a tumultuous year characterized by the negative impacts of COVID-19 pandemic.
Designing Interoperable Agent Banking Business Model for ARB Apex Bank in Ghana
The main objectives of the assignment were to design agency banking business model, map potential agents’ locations throughout the country, and provide technical assistance for branding, advertising, consumer education and industry sensitization on agency banking.
More Nigerians to Benefit From COVID-19 Loan
The Central Bank of Nigeria, through NIRSAL Microfinance Bank, has announced the reopening of its portal for Micro Small and Medium Enterprises and households affected by COVID-19 to access up to $70,000.
CBN Adds $120M to COVID-19 Pandemic Relief Fund for Loans to MSMEs, Households in Nigeria
The government previously allocated NGN 2.3 trillion (USD 6 billion) to pandemic relief efforts, including microfinance and other programs.