EFInA Archives | Nairametrics

Key Findings from EFInA Agents Survey: A Tall Order for Financial Inclusion in Nigeria

By Henry Chukwu, Programme Specialist, Enhancing Financial Innovation & Access (EFInA) The expectation of closing the 16.8% shortfall in the Nigerian financial inclusion target is threatened...

current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months

Columnists5 months ago

Repositioning Microfinance banks to grow economy

CBN released an exposure draft guideline for the regulation and supervision of microfinance banks in Nigeria following a review of the 2012 guidelines.

Technology Solutions: A major component for financial inclusion in Nigeria

Business News5 months ago

Technology Solutions: A major component for financial inclusion in Nigeria

TechRoundUp was on the TechieTalk with Teke Panel at the ongoing Social Media Week in Lagos and the panel discussions centred on Financial Inclusion, Social Media...

Business News8 months ago

CBN renews commitment to using technology to capture unbanked

The Central Bank of Nigeria (CBN) has reemphasized its commitment to using technology to increase the number of banked Nigerians.

Business News8 months ago

Here’s why women are financially excluded in Nigeria

A new report by the CBN and EFInA has unravelled the reason for the gender gap in financial access in Nigeria.

Over 100 million Nigerians earn less N700 daily - UK’s EFInA

Blurb8 months ago

Over 100 million Nigerians earn less N700 daily – UK’s EFInA

The United Kingdom’s Enhancing Financial Innovation and Access (EFInA) has disclosed that over 100 million Nigerians earn less than N700 per day.

EFInA, Aisha Ahmad, Ladi Balogun, Abubakar Suleiman, expected at EFInA’s Financial Inclusion Conference (FIC) 2019

Financial Literacy8 months ago

Aisha Ahmad, Ladi Balogun, Abubakar Suleiman, expected at EFInA’s Financial Inclusion Conference (FIC) 2019

Leading financial sector development organisation, Enhancing Financial Innovation & Access (EFInA), has announced its annual Financial Inclusion Conference scheduled for the 9th of December 2019, at...

First Bank Adesola Adeduntan, Global transactions get easier with Firstbank’s Card Offerings, FBNQuest Trustees Marks 40th Anniversary of preserving legacies in Nigeria, Ellah Lakes Plc announces close period for H1 2019 results The Board of Directors of Ellah Lakes Plc has announced that the company would be meeting on the 22nd October 2019 to consider, among other matters, the audited financial statements of the Company for the financial year ended 31 July, 2019. The Company also announced the commencement of a closed period with effect from 7 October 2019, until 24 hours after the Company’s Audited Financial Statements is filed with The Exchange. Top executives, directors, advisers, and many others at Ellah Lakes Plc have been barred from trading in the company’s shares ahead of the meeting of board of directors of Ellah Lakes. This was disclosed in a notification which was sent to the Nigerian Stock Exchange (NSE). http://www.nse.com.ng/Financial_NewsDocs/27720_ELLAH_LAKES_PLC._CORPORATE_ACTIONS_OCTOBER_2019.pdf The announcement is in line with rule 17.18 of Part 2 (Issuer’s Rules) of the NSE’s Rule Book (2015) which states that, “The period of closure shall be effective from fifteen (15) days prior to the date of any meeting of the Board of Directors proposed to be held to consider any of the matters referred to above or the date of circulation of agenda papers pertaining to any of the matters referred to above, whichever is earlier, up to twenty-four hours after the price-sensitive information is submitted to the Exchange. The trading window shall thereafter be opened. Every issuer shall notify the Exchange in advance of the commencement of each closed period.” Why this matters: The close period will allow the board to consider the company’s unaudited financial statements for the third quarter. Other company issues will also be discussed during the meeting of the Board of Directors. What is a close period? A close period is a period before the release of a company’s result or financial statement when of course, those with sensitive information are not allowed to trade on the stock. These individuals may include company directors, audit committee members, persons discharging managerial responsibility, employees and consultants with sensitive information. About the company: Ellah Lakes Plc is a fish farming company., FBN processed 237 million transactions in two weeks, amid COVID-19 lockdown, First Bank Holdings declares a Profit after Tax of N26 billion in Q1 2020

Paid Content11 months ago

Adeduntan: FirstBank is reducing poverty, deepening financial inclusion through its 31,000 agent network

In its quest to deepen financial inclusion, FirstBank is channelling its resources to reach those at the bottom of the pyramid through its agency banking.