By Anwuli Okwuashi On December 15, 2025, the African Diaspora Federal Credit Union (ADFCU) celebrated its grand opening in St. Louis, Missouri—a historic milestone for financial inclusion in the U.S. The event drew hundreds from the African diaspora and advocacy communities, honoring a powerful symbol of self-determination for people of African descent worldwide. As the […]
The instant settlement which provides merchants with instant credit for transactions, thereby enhancing cash flow and reducing risks associated with delays or disputes, marks a significant advancement in the global payment landscape. Speaking on the development, the managing director and chief executive of Nigeria Interbank Settlement System (NIBSS), the parent company of AFSL, Mr. Premier […]
By Motolani Oseni Credit to the corporate sector increased in the second quarter (Q2) 2020 and is expected to increase further in the third quarter (Q3) of 2020, the Central Bank of Nigeria (CBN) Credit Survey has revealed. The CBN in its latest “Credit Conditions Survey Report,” said the increase was driven by changing sector-specific […]
Lagos – An economist, Prof. Sheriffdeen Tella on Friday urged the Central Bank of Nigeria (CBN) to pursue policies geared toward credit expansion for private sector in 2020. Tella, Professor of Economics, Olabisi Onabanjo University, Ago-Iwoye, Ogun said this in an interview in Lagos. He urged the CBN to put in place policies that would […]
For millions of Nigerians working outside the formal economy—market traders, bus drivers, tailors, and food vendors—access to credit has long felt out of reach. Lenders, constrained by rigid scoring systems and paper-thin records, often view these individuals as unbankable. But that perception is beginning to shift, thanks to advances in data science that are reshaping […]
The Edo State Government in collaboration with the Central Bank of Nigeria, CBN, has initiated a N500 million Commercial Agricultural Credit Scheme, CACS, to de-risk investments in agriculture in the state. This was disclosed in a statement on Friday by the Special Adviser on Media to the Governor of Edo State, Crusoe Osagie. The statement […]
The World Bank Group’s Board of Executive Directors have approved a US$500 million International Development Association (IDA) credit to significantly improve maternal, child, and nutrition health services for women and children. By improving access to higher quality health services, the new development financing will help Nigeria to achieve its “Saving One Million Lives (SOML) […]