The Central Bank of Nigeria has said it will issue the draft framework of agency banking in December in a bid to increase the growth of financial inclusion. The CBN Governor, Mr. Lamido Sanusi, stated this on Thursday, at the EfINA workshop. He said, “We are working on a number of things. For example, the

A new survey has revealed that 56.3 million adults, representing 64.1 per cent of the adult population, do not have bank accounts. The survey carried out by Enhancing Financial Innovation and Access, an independent financial sector development organisation, showed that only 28.6 million people, representing 32.5 per cent of adult population have bank accounts. The

European Union leaders failed to reach agreement on Friday on a new seven-year budget for their troubled bloc, calling off talks in less than two days after most countries rejected deeper spending cuts demanded by Britain and its allies. European Council President Herman Van Rompuy decided to end a summit on the 2014-2020 EU budget,

Prince of Blackwater heads to Africa Erik Prince, who made a fortune in Iraq thanks to his politically connected and controversial Blackwater military contractor, is leading a group of Chinese investors on a hunt for natural resources and investment opportunities in Africa. Erik Prince, the man who founded Blackwater, the private military contractor that became