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.
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.
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.
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.
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.
CBN NGN50 Billion Facility for Households & MSMEs in Nigeria
In March 2020, the Central Bank of Nigeria released Guidelines for the Implementation of the NGN 50 Billion Targeted Credit Facility aimed at providing succor to households and MSMEs that have been adversely affected by COVID-19.
CBN Cuts Interest Rates, Provides N50 Billion Credit
The Central Bank of Nigeria has announced its first set of policies to cushion the negative impact the deadly Coronavirus on Nigerian businesses and economy.
Nigeria: Citygate Microfinance Launches Digital Loan App
A microfinance institution, Citygate Global, has unveiled a multi-purpose mobile loan application, Monéé, which was designed to also cater for loan, savings, funds transfer services, investment, bill payment and others.