Racing to Geo-tag POS in Nigeria: Why Legitimate Agents’ Economic Activities Need Protection.
Nigeria’s Urban-Rural Dichotomy and the Financial System Infrastructure Challenge Immanuel Umukoro, Policy and DFS Manager, EFInA On August 25th, 2025, the Central Bank of Nigeria (CBN) released a circular on the Migration to ISO 20022 Standard for Payment Messaging and Mandatory Geo-Tagging of Payment Terminals. The geo-tagging objective was clear: all terminals should be tied to known locations so that suspicious movement could be detected more easily, and fraud investigations, dispute resolution, oversight, and […]
Nigeria’s Urban-Rural Dichotomy and the Financial System Infrastructure Challenge.
Nigeria’s Urban-Rural Dichotomy and the Financial System Infrastructure Challenge By Chioma Nwaiwu and Oluwatomi Eromosele Nigeria’s financial inclusion story reflects hard-won progress, but is overshadowed by a persistent divide. According to the A2F 2023 Survey, formal financial inclusion reached 64% in 2023, up from 56% in 2020 and approaching the National Financial Inclusion Strategy’s 65% formal inclusion target for 2024. Yet these national averages […]
Local Language Interfaces: A Critical Innovation Gap in Nigerian Fintech.
Local Language Interfaces: A Critical Innovation Gap in Nigerian Fintech By Oluchi Okafor Brand and Communications Manager, EFInA Nigeria’s fintech story is often told through the lenses of scale and speed. Agent networks reach every ward, and payments settle in seconds; signals of technical sophistication. Yet there is a fundamental design flaw in that almost all digital financial services in Nigeria operate exclusively in English, in a country of over […]
EFInA and Bank of Agriculture Partner to Strengthen Financial Inclusion in Nigeria’s Agricultural Sector
Abuja, Nigeria – March 25, 2026 – Enhancing Financial Inclusion and Advancement (EFInA) and the Bank of Agriculture (BOA) have signed a Memorandum of Understanding (MoU) to advance financial inclusion within Nigeria’s agricultural sector, with a focus on expanding access to relevant and affordable financial services for smallholder farmers and agribusinesses. Agriculture remains central to Nigeria’s economy, employing over […]
EFInA, in Partnership with SANEF and Proshare, Convene Ask the Regulator II Townhall on Consumer Protection
Lagos, Nigeria – March 25, 2026 – Enhancing Financial Inclusion and Advancement (EFInA), in partnership with the Shared Agent Network Expansion Facilities (SANEF) and Proshare, convened the second edition of the Ask the Regulator Consumer Protection Townhall. The Townhall brought together regulators, industry leaders, and financial consumers to engage in a direct and practical conversation on consumer protection in Nigeria’s rapidly evolving digital […]
EFInA Convenes Ecosystem Leaders to Advance Women’s Financial Inclusion Through Collective Action
Abuja, Nigeria – March 24, 2026 – Enhancing Financial Inclusion and Advancement (EFInA) convened women’s associations, financial service providers, regulators, development partners, and ecosystem leaders at its International Women’s Month Convening 2026 in Abuja, themed “Gather, Gain, Grow.” The convening brought together diverse stakeholders to explore practical approaches to advancing women’s economic empowerment and financial inclusion through […]
EFInA Unveils Inclusion for All Mainstream Voices to Strengthen Pro-Poor Financial Inclusion Advocacy in Nigeria
Lagos, Nigeria, February 16, 2026 — Enhancing Financial Inclusion and Advancement (EFInA), through its Inclusion for All (I4All) initiative, has formally announced the Inclusion for All Mainstream Voices Network, a structured network of professionals, advocates, and community representatives convened to advance pro-poor financial inclusion and economic empowerment in Nigeria. The announcement follows the onboarding session held on January 16, 2026, which marked a […]
EFInA’s Inclusion for All Activates 92 Community Champions to Launch Grassroots Inclusion Drive in Katsina
Katsina, Nigeria, February 19, 2026 – Enhancing Financial Inclusion and Advancement (EFInA), through its Inclusion for All (I4All) Initiative, and in partnership with SANEF and CARE Nigeria, has successfully convened the first round of community engagement sessions for the Grassroots Voices Network Project in Katsina State, marking an important milestone in the organisation’s ongoing efforts to deepen financial inclusion through […]
Insights from Financial Inclusion State Fact Sheet
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The State of Financial Health in Nigeria
