Mutual Benefits decries Nigeria’s credit gap, offers solutions

Author: Rosemary IwunzePublished on: June 18, 2026Country: Nigeria

Business & Economy

Mutual Benefits decries Nigeria’s credit gap, offers solutions

Mutual Benefits Assurance Plc criticizes Nigeria's credit gap, where only 6% of adults access formal credit. Managing Director Femi Asenuga emphasizes the need for financial protection mechanisms alongside credit. Mutual Benefits offers insurance and savings products, and its Microfinance Bank disbursed loans totaling N1.372 billion by end-2025, rising to N1.558 billion by Q1 2026.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

Benin: 825 artisans soon to be trained thanks to a partnership with France – La Nouvelle Tribune

Business & EconomyBenin

Armel TOGNON•13m ago

Benin: 825 artisans soon to be trained thanks to a partnership with France – La Nouvelle Tribune

The Benin Chamber of Trades and Crafts (CMA-Bénin) and the French embassy announced on June 18, 2026 in Cotonou the launch of a new phase to train 825 artisans and strengthen 120 trainers. The project, started in December 2024 for two years, has already trained 120 young people and reinforced 240 apprenticeship masters in eight trades. The new phase plans to equip eight additional centers and create the Master Artisan title, covering eleven trades in eight departments of Benin.

Palace: President Bassirou Diomaye Faye pressures Al Aminou Lo

PoliticsBusiness & EconomySenegal

senenews.com•13m ago

Palace: President Bassirou Diomaye Faye pressures Al Aminou Lo

During the Council of Ministers on June 18, 2026, Senegalese President Bassirou Diomaye Faye set priorities for his Prime Minister Al Aminou Lo, including clearing domestic debt and reviving investment. He demanded accelerated payment of state debts to companies and requested consultations with employer organizations. The president also ordered increased technical meetings in preparation for the next Presidential Investment Council.

SpaceX picks Roelof Botha to board days after IPO

TechnologyBusiness & EconomyUnited States

news24.com•17m ago

SpaceX picks Roelof Botha to board days after IPO

SpaceX appointed Sequoia Capital partner Roelof Botha to its board of directors just days after its initial public offering. The move strengthens the company's governance as it enters a new phase as a publicly traded company. Botha brings extensive technology investment experience.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox

Learn more