One of the many benefits of the infiltration of technology into the finance sector in Nigeria is the ease and availability of options in carrying out financial transactions. Technological innovation within the sector has in addition brought about job creation opportunities for individuals and small businesses one of which is agency banking services. In this...
Microfinance Banks are mini banks licensed by the Central Bank of Nigeria (CBN) to carry on the business of microfinance services such as savings, loans, domestic fund transfers, and other financial services which they provide for their customers particularly the economically disadvantaged, subsistence farmers, artisans, micro-entrepreneurs, etc., and to a large extent unbanked people in...
Following the growth and explosion of cell phone ownership and usage across Africa since 2002, the potential of mobile phones as not just a tool for communication, but as a tool for financial inclusion and promoting efficient payment systems cannot be ignored. This can be seen in the evolution of fintech companies focused on enabling...
