According to the statement, the Chairman will step down from his position to serve as acting CEO pending the appointment of a substantive managing director.
During Boshoro’s tenure, Renmoney deepened its penetration in Nigeria by launching mobile centres across the country. The centres were initiated to fast-track financial inclusion and improve lending to individuals and investments in Small and Medium Enterprises (SMEs) in a more convenient way.
The centres would enable customers to complete end-to-end transactions at their convenience.
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Since its establishment, Renmoney has provided over 200,000 loans to individuals and small businesses in Nigeria, with over N50 billion provided to 140,000 customers. The company has over N170 billion in Fixed Deposit inflows.