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DAILY BUSINESS NEWS BRIEF – Financial inclusion: CBN sets new target for banks

12
Jan

 

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Financial inclusion: CBN sets new target for banks
The Central Bank of Nigeria on Thursday issued a new target for Deposit Money Banks and all microfinance banks in the Federal Capital Territory towards achieving the 80 per cent financial inclusion target for the adult population in the country by 2020.The Branch Controller, CBN, Abuja, Elizabeth Agu, said the financial inclusion rate of 41.6 per cent was still very low compared to the apex bank’s target of 80 per cent.This, she added, underscored the need to work hard on the exclusion rate from this year till 2020.Read More…]

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