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Tag: National Financial Inclusion Strategy (NFIS)

MFBs Join Reps’ Call To CBN To Halt Recapitalisation

MFBs Join Reps’ Call To CBN To Halt Recapitalisation       The National Association of Microfinance Banks (NAMB) has joined the House of Representatives’ recent call on the Central Bank of Nigeria (CBN) to suspend the April 2021 deadline for the recapitalisation of microfinance banks (MFBs). It came...

Banking Agents Increased By 517% In One Year – CBN

Banking Agents Increased By 517% In One Year – CBN         The number of banking agents (third party retail outlets contracted by financial institutions to process clients’ transactions) rose from 38, 416 agents in December 2018 to 236,940 agents as of December 2019. This growth in the...