financial inclusion
CBN pushes fair banking with Customers’ Bill of Rights
The Central Bank of Nigeria (CBN) has intensified its consumer protection drive with the introduction of a Customers’ Bill of Rights, a framework designed to safeguard the interests of bank users and strengthen financial inclusion across the country. The initiative, which was formally presented during the CBN Fair in Lagos, comes at a time when […]
NCGC Moves to Expand Financial Access, Reduce Lending Risks
The National Credit Guarantee Company (NCGC) has officially unveiled a stakeholders’ engagement forum aimed at de-risking lending and expanding access to finance for Micro, Small, and Medium Enterprises (MSMEs), local manufacturers, and individual credit consumers. The company, with an initial capitalisation of N100 billion, is poised to play a transformative role in Nigeria’s credit ecosystem […]
SEC Urges Nigerians to Harness Demographic Dividend for Economic Growth
The Securities and Exchange Commission (SEC) has called on Nigerians to harness the country’s burgeoning youthful population to unlock the nation’s full economic potential and bridge persistent inequalities. This charge was delivered by the Director-General of the SEC, Dr. Emomotimi Agama, during the United Capital Asset Management Investment Forum held on Wednesday in Lagos. Emphasising […]
NAICOM: Micro-Insurance Key to Expanding Pension Access
In the face of persistent economic turbulence, the National Insurance Commission (NAICOM) has spotlighted microinsurance and digital innovation as pivotal tools to extend pension access and financial protection to Nigeria’s informal sector. Speaking at the recently held Ispenonline Retirement Summit in Lagos, the Commissioner for Insurance, Mr. Olusegun Omosehin, emphasized that overcoming retirement insecurity will […]
Sycamore MD: Warnings Alone Won’t Stop Ponzi Schemes
The Managing Director of Sycamore Investment and Asset Management Limited, Gbenga Magbagbeola, has called for a coordinated, multi-sectoral approach to end the wave of Ponzi schemes defrauding Nigerians. In an exclusive interview, Magbagbeola stressed that issuing public warnings is not enough to combat the growing financial scams that have cost citizens billions of naira. Speaking […]
NCC Directs Customers to Pay Bank USSD Fees via Airtime Balance
In a significant policy shift designed to resolve a long-standing conflict between telecom operators and Nigerian banks, the Nigerian Communications Commission (NCC) has issued a directive that mandates the deduction of Unstructured Supplementary Service Data (USSD) transaction charges directly from customers’ airtime balance rather than their bank accounts. This directive, which took effect on Tuesday, […]
Recapitalisation Drive: CBN cautions banks against illicit funds
In a bid to reinforce financial discipline and protect the integrity of the Nigerian banking sector, the Central Bank of Nigeria (CBN) has issued a stern warning to deposit money banks against raising capital from illicit sources. The directive forms part of a broader recapitalisation exercise aimed at enhancing the resilience of the financial system […]