Regulatory Alerts2019-06-28 | OFI/DIR/DOC/GEN/020/252Data Collection Template for MFBs - Financial Inclusion Target
The Central Bank of Nigeria (CBN) is urging microfinance banks (MFBs) to intensify efforts to achieve the country's National Financial Inclusion Strategy (NFIS) target of 80% by 2020. As of 2018, 63.2% of adult Nigerians were financially served, leaving a gap of 36.8%. To address this, CBN set a goal for each MFB branch to acquire 64 new customers per month, or 774 new bank accounts per branch per year.
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payments
fintech
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