Partnering with Agency Banking Networks in Nigeria: Microfinance Banks (MFBs) in Nigeria can reap numerous benefits from partnering with existing Agency Banking networks. As the banking industry continues to evolve, it’s essential for new MFBs to consider various opportunities that … Read More
Revolutionary Cash Redesign Takes Nigeria by Storm with DMBs and Super Agents
The Central Bank of Nigeria (CBN) has taken steps to ensure the successful implementation of its Naira Redesign policy by launching a cash swap program in partnership with Super Agents and Deposit Money Banks (DMBs). The program is aimed at … Read More
Naira Redesign Policy: CBN Launches Cash Swap Programme in Rural/Underserved Areas
In furtherance of its Naira Redesign policy, the Central Bank of Nigeria (CBN) has sustained its nationwide awareness/sensitization programmes, enforced speedy collection of the new notes at CBN branches by the Deposit Money Banks (DMBs) and mandated issuance of the … Read More
New Naira Notes Policy – CBN.
The Central Bank of Nigeria (CBN) has recently introduced a new Naira note as part of its efforts to combat counterfeiting and improve the overall security of the country’s currency. The new note features advanced security features such as a … Read More
The Benefits of Agency Banking to the Unbanked
Agency banking is a model of banking that allows customers to access banking services through third-party agents, such as retail stores or post offices. This can make banking more accessible and convenient for customers, particularly those who live in rural … Read More
