Business

Nigeria’s financial inclusion reaches 79% — EFInA

By Matthew Johnson The Enhancing Financial Inclusion and Advancement (EFInA) has released its ninth Access to Financial Services in Nigeria (A2F) Survey, showing that 79% of Nigerian adults use a financial product or service. Formal inclusion reached 73%, exceeding the 70% target under the National Financial Inclusion Strategy. EFInA’s Board Chair, Dr Agnes Olatokunbo Martins, […]
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FG eyes N3trn savings as 14m farmers join cassava value chain

By Progress Godfrey  The Federal Government has initiated measures to empower 14 million smallholder farmers as key drivers of the Cassava Bio-ethanol Value Chain Development Project, aiming to reduce fuel import costs and strengthen Nigeria’s bio-economy. This was disclosed by the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, in a statement signed by […]

CBN sets new ATM deployment policy

…Reduces resolution time of failed transactions By Emma Ujah, Abuja Bureau Chief   The Central Bank of Nigeria (CBN) has established New Minimum Standards for ATM Deployment, Operations, Maintenance, and Security.   The apex bank said the new ratio contained in its circular titled, “Exposure of the Draft Guidelines on the Operations of Automated Teller Machines (ATMs) in […]

Stock market turns bearish on selloffs amid cautious sentiment

By Peter Egwuatu  The Nigerian stock market closed  Week on Week, WoW,  last week in a negative territory as broad-based profit taking intensified across key sectors, outweighing buying interest and reversing the bullish trend of the previous weeks. Specifically, the Nigerian Exchange Limited, NGX, All Share Index, ASI, which represents the barometer of the stock market […]

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