FirstBank disburses over N17bn loans through FirstAdvance

000-ton rice mill expansion

First Bank of Nigeria Limited, has revealed it disbursed over N17 billion loans through through FirstAdvance, its digital lending solution. According to Nigeria’s leading financial inclusion services provider, FirstAdvance is designed to offer a convenient and easy access to cash for salary earners whose accounts are domiciled with FirstBank and have received regular salaries for two months, prior to the loan request. In barely a year since the launch of FirstAdvance, FirstBank said over 128,000 unique customers in over 782,996 successful transactions have so far benefitted from loans. Processing a…

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NSE prioritises financial inclusion to mark World Investor Week 2020

Equities market sees marginal loss as 14 firms record losses

The Nigerian Stock Exchange (NSE) has joined International Organisation of Securities Commission (IOSCO) to celebrate World Investor Week (WIW) 2020 from Monday, 5 October 2020 – Friday, 9 October 2020. World Investor Week is a week-long global campaign organised by IOSCO to raise awareness of the importance of investor education and protection, and highlight the various initiatives of securities regulators in these two critical areas. The Exchange has embarked on a fully virtual campaign to further promote smart investing and amplify the opportunities for retail investor participation in Nigeria’s capital…

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CBN: Financial inclusion remains elusive for Nigeria

A report by the Central Bank of Nigeria (CBN) and the Enhancing Financial Innovation & Access has said that Nigeria is far from achieving its financial inclusion target in 2020. The CBN disclosed this in the report titled ‘Assessment of women’s financial inclusion in Nigeria’ for December 2019 period which was released on Monday. The report also identified wide gap of financial exclusion among female than in the male gender. Part of the report read, “Not surprisingly, financial exclusion stands at 36 per cent for women and 24 per cent…

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