tag:blogger.com,1999:blog-55509193822841633662026-04-02T02:15:23.091-07:00Comprehensive Website on Microfinance in NigeriaNaveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-5550919382284163366.post-81530110422439732022024-12-27T02:11:00.000-08:002024-12-27T02:11:14.604-08:00

 As Nigeria strives towards its ambitious vision of becoming a $1 trillion economy by 2030, one critical gap demands urgent attention: the disproportionately low penetration of digital financial services among women. Currently, only 23% of Nigerian women access digital financial services, compared to 43% of men. This gender disparity poses a significant obstacle to inclusive economic growth

Naveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.com0tag:blogger.com,1999:blog-5550919382284163366.post-5850807802400074162023-11-21T10:06:00.000-08:002023-11-21T10:08:58.420-08:00

Introduction:The African Development Bank (AfDB) Group's Commitment to Macro-Economic and Public Policy ManagementThe African Development Bank (AfDB) Group has undertaken significant initiatives aimed at bolstering institutional capacity for effective macro-economic and public policy management. The goal is to accelerate inclusive growth, sustainable development, and the realization of the Agenda

Naveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.com1tag:blogger.com,1999:blog-5550919382284163366.post-47722303659039392702022-02-23T17:45:00.000-08:002022-02-23T17:45:26.912-08:00

UK Government's Development Finance Institution, CDC which is now being renamed as British International Investment (BII) has announced $100 million credit facility to First Bank of Nigeria. This facility will be available to Women-led business as well as SMEs in Nigeria. The fund will be channelized through FirstBank which has expansive network of over 700 branches and 150,000+ agents,

DayaSensehttp://www.blogger.com/profile/02348303129967893015noreply@blogger.com3tag:blogger.com,1999:blog-5550919382284163366.post-79566722231986615432016-03-06T17:46:00.000-08:002016-03-06T18:18:22.236-08:00

Here is a quick bite of a statistical fact: The total number of financial access points in Lagos are 2,248. Compared to this, Abuja Federal Capital Territory (FCT) has only 1,193 access points. Lagos is better than Abuja - isn't it? But wait, we need to read this statistic by putting it in context with population. With a low population, Abuja FCT has a better access, 8.48 access points per

Naveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.com53tag:blogger.com,1999:blog-5550919382284163366.post-41676370580972671602016-02-22T17:27:00.003-08:002016-02-22T17:30:10.974-08:00

A Micro-finance Bank (MFB) will be established by Lagos Government very soon. This announcement was made by the Governor Akinwunmi Ambode, Governor of Lagos State on 19 February at 5th edition of the Lagos Corporate Assembly tagged “A-plus meets business” held at the Lagos House Banquet Hall, Alausa. Now the question that quickly comes to our mind is: OK, Whats so good about it? You'd

Naveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.com9Lagos, Nigeria6.5243793 3.37920570000005686.0195827999999993 2.7337587000000569 7.0291758 4.0246527000000567tag:blogger.com,1999:blog-5550919382284163366.post-13389808015339457402014-08-01T18:05:00.000-07:002014-08-01T18:05:04.357-07:00

As we are writing this, around 1323 people have been affected with the Ebola Virus in West Africa in 2014. Out of this, 730 have been declared dead. These are the scary statistics provided by World Health Organization as on 31 July 2014.  What is Ebola Virus? Ebola Virus was first discovered in Democratic Republic of Congo. The genesis of the name Ebola comes from the Ebola River in

Naveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.com5Lagos, Nigeria6.5243793 3.37920570000005686.0195827999999993 2.7337587000000569 7.0291758 4.0246527000000567tag:blogger.com,1999:blog-5550919382284163366.post-49280802977544828852013-02-16T23:41:00.001-08:002013-02-16T23:43:43.520-08:00

Long distance access points, Cumbersome eligibility requirements, Low financial literacy, and High costs of financial services - these are the four barriers for financial inclusion according to Sanusi Lamido Sanusi, Governor of Central Bank of Nigeira. These are also the same four barriers that propelled the need for implementation of National Financial Inclusion Strategy 2020. For those

DayaSensehttp://www.blogger.com/profile/02348303129967893015noreply@blogger.com5Abuja, Nigeria9.066666699999999 7.48333330000002668.8157752 7.1606098000000262 9.3175581999999988 7.806056800000027tag:blogger.com,1999:blog-5550919382284163366.post-59598935342471086652013-01-28T22:39:00.002-08:002016-03-08T20:37:37.372-08:00

The Director of Other Financial Institutions Supervision Department, Central Bank of Nigeria, Mr O A Fabamwo, has issued a Circular (numbered OFI/DIR/CIR/GEN/01/09 dated 17 December 2012) in the last month of the 2012 giving a clear reminder to all the MFBs to not to indulge in opening unauthorized branches. What are Unauthorized Branches? The Central Bank of Nigeria (CBN), in the said

DayaSensehttp://www.blogger.com/profile/02348303129967893015noreply@blogger.com10Abuja, Nigeria9.066666699999999 7.48333330000002668.8157752 7.1606098000000262 9.3175581999999988 7.806056800000027tag:blogger.com,1999:blog-5550919382284163366.post-17834429762246604002012-11-01T16:06:00.005-07:002012-11-02T05:09:55.626-07:00

The Central Bank of Nigeria (CBN) has launched Financial Inclusion Strategy in October 2012. The document below titled as "National Financial Inclusion Strategy" is provided as reference for our readers who wish to read this document on our website without having to download. If you wish to download, we have provided the download link at the end of the document. Click here to download this

DayaSensehttp://www.blogger.com/profile/02348303129967893015noreply@blogger.com4Central Bank Of Nigeria, 760, Nigeria10.2923873 11.139441610.2904343 11.1369741 10.2943403 11.1419091tag:blogger.com,1999:blog-5550919382284163366.post-40440740737424380342012-11-01T15:56:00.000-07:002012-11-02T09:16:03.244-07:00

What is the meaning of "Financial Inclusion"? Financial Inclusion is about providing financial services such as loans, savings, money transfers, insurance and pensions in adequate measures to the disadvantaged and low income people of the society. The basic premise of Financial Inclusion is this: Banking and Payment Services is considered as a public good. Much like any other public good,

DayaSensehttp://www.blogger.com/profile/02348303129967893015noreply@blogger.com3Central Bank Of Nigeria, 760, Nigeria10.2923873 11.139441610.2904343 11.1369741 10.2943403 11.1419091tag:blogger.com,1999:blog-5550919382284163366.post-81658621124207378792010-05-03T23:50:00.000-07:002010-05-04T04:06:23.541-07:00

There are speculations in the microfinance sector that Central Bank of Nigeria may stop microfinance banks from accepting deposits. VANGUARD recently reported the opinions in its article titled "Anxiety heightens over impending MFB policy review" dated 03 May 2010. Let us first review few important provisions of Microfinance Policy Framework of CBN and also discuss the spirit behind it before we

DayaSensehttp://www.blogger.com/profile/02348303129967893015noreply@blogger.com3Lagos, Nigeria6.4530556 3.39583336.1119091 2.9289143 6.7942021 3.8627523tag:blogger.com,1999:blog-5550919382284163366.post-84477469035559069652010-04-29T14:49:00.000-07:002010-04-29T14:49:37.614-07:00

Like any other progressive country, the future of Nigeria depends on the smart and intelligent youth. Microfinance Jobs opens up a new avenue for youth to contribute their bit to the progress of this country right from the bottom of the pyramid. In a world where existing jobs are shrinking due to global economic meltdown, microfinance industry offers an excellent scope to contribute the

Naveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.com3tag:blogger.com,1999:blog-5550919382284163366.post-11028579631645211202010-04-22T06:14:00.000-07:002010-04-22T06:16:32.942-07:00

EFInA recognizes the development of a sustainable microfinance industry in Nigeria is critical to achieving financial inclusion and access to finance, especially for the low income segment. The ability of microfinance banks/institutions to effectively provide financial services to the unbanked depends on strengthening their institutional capacity, through the development of management. EFInA

Naveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.com2tag:blogger.com,1999:blog-5550919382284163366.post-1391837932823233342010-04-20T07:13:00.000-07:002010-04-20T13:24:43.940-07:00

Lift Above Poverty Organisation (LAPO) is a prominent microfinance organisation in Nigeria. LAPO was in the news in March 2010 for disbursing Naira 14 Billion (approx a little less than a 100 Million US Dollars) in the year 2009. The amount is pretty large and according to LAPO the idea is to reach larger number of beneficiaries. Managing funds of this size requires robust management tools and

DayaSensehttp://www.blogger.com/profile/02348303129967893015noreply@blogger.com6tag:blogger.com,1999:blog-5550919382284163366.post-44997560188672517382010-04-20T05:04:00.003-07:002010-04-29T15:07:26.925-07:00

Analysis that goes beyond the news No prize for guessing the fact that we are in information-age. A simple six-lettered word Google can produce millions of search results on a topic of your interest, all in a fraction of a minute. But then is this all about information-age? The answer is a clear 'No'. Information age is beyond just having a powerful super-technology. 'Information' is defined as

DayaSensehttp://www.blogger.com/profile/02348303129967893015noreply@blogger.com43tag:blogger.com,1999:blog-5550919382284163366.post-55025334873412745242010-04-20T02:31:00.001-07:002010-04-20T03:41:03.631-07:00

A venture capitalist and investment management advisor, Alitheia Goodwell Microfinance Bank, a subsidiary of Alitheia Capital, in order to improve the performance of Nigerian microfinance institutions, MFIs, is advocating for the importation of technical capacity so as to make the sector more appealing and also attract increased foreign donor grants. This is sequel to the Central Bank of

Naveenhttp://www.blogger.com/profile/05990529623136040209noreply@blogger.com2