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Accion MfB Launches AccionMonie App to Transform Digital Banking in Nigeria

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Accion MfB Launches AccionMonie App to Transform Digital Banking in Nigeria

By: Michael Michael

Nigeria’s leading microfinance institution, Accion Microfinance Bank (MfB) has launched AccionMonie, a transformative digital financial services platform designed to empower individuals, micro, small and medium enterprises (MSMEs) and low-income households.

A statement on Tuesday said through AccionMonie, the microfinance bank is expanding digital capabilities for financial
access and empowerment across the spectrum of underserved individuals and businesses. The user-friendly platform offers instant access to essential services, including loans, savings, capital,
and other forms of support.

It started that the launch of AccionMonie is a key part of the bank’s “Always there to lend you a hand” campaign, which reinforces its long-standing commitment to small business growth and the
welfare of low-income households. The campaign positions Accion MFB not just as a financial provider but as a trusted partner in its customers’ journey towards business success and economic empowerment.

In Nigeria, micro, small and medium enterprises (MSMEs) are one of the key growth drivers of the economy. Estimated at about 37 million, MSMEs currently account for 86 per cent of employment and 48 per cent of Gross Domestic Product (GDP).

However, despite their strong
potential, the MSMEs continue to be impacted by existential challenges, notably access to capital and finance, infrastructure and an enabling business environment.

Chief Executive Officer (CEO) of Accion MfB, Taiwo Joda, described the launch of
AccionMonie as an important milestone and a testament to the bank’s culture of innovation; one that ensures its products and offerings continue to reflect the evolving needs of its customers.

He said: “At Accion Microfinance Bank, we believe in the potential of every MSME to drive inclusive economic growth. That is why we are committed to empowering them with the financial support they need to grow, innovate, and make a lasting impact in their communities and beyond.”

On his part, the Chief Commercial Officer (CCO) of the bank, Stephen Olalere, stated that AccionMonie and the combination of the bank’s extensive network of over 74 branches in 12 states will address the persistent challenge of limited access to financial services faced by many small businesses in Nigeria. He added that the platform’s user-friendly features will simplify payments and offer much-needed support for both businesses and individuals.

The Chief Digital Officer of the bank,
Paul Ehiagbonare, said this is a bold move towards digital leadership, maturity and excellence. He stated that: “For us, AccionMonie is a reflection of the much needed customer empowerment through digital tools and technologies. We are not only providing access to finance but standing beside our customers as partners, supporting their ambitions when others
may not and doing so timely and more efficiently. Our goal is to be a reliable ally on their journey toward growth, stability, and long-term success.”

He stated that AccionMonie offers a range of customer-focused features designed to promote financial inclusion and empower users. One of its unique offerings is Save2Loan, which allows customers
to save between N50,000 and N250,000 over 90 days and qualify for a loan worth twice their savings. He noted that this feature is expected to encourage a stronger culture of saving while expanding access to credit.

He explained that customers can also fund their AccionMonie accounts directly using any debit card, which is an easy, seamless process that eliminates the need for long queues at banking halls. Another key
feature is the targeted saving option and locked savings, which helps users plan and save for long-term goals such as tuition, rent, or investment while earning competitive interest.

He noted that customers can also earn for referring others, adding that account management features include on demand
bank statement, account upgrade features, secure access, transfer limit management amongst others.

The AccionMonie app is now available for download on the Apple App Store, Google Play Store, or directly via this link: https://onelink.to/57z27p.

Accion Microfinance Bank has been in operation for over 16 years and is a pioneer in Nigeria’s microfinance sector, providing innovative financial solutions. The bank’s long history of supporting entrepreneurs and small businesses has greatly contributed to economic growth and
development.

The bank has solid shareholder investments from three major banks – Ecobank, Zenith Bank and Citi Bank – as well as International Finance Corporation, a World Bank member, and Accion Investments, all of which contribute to its strong financial base and allow it to serve an ever-increasing number of customers.

Accion MfB Launches AccionMonie App to Transform Digital Banking in Nigeria

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President Tinubu: We’re Fulfilling Our Promise To Uplift Living Standards Of Nigerians

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President Tinubu: We’re Fulfilling Our Promise To Uplift Living Standards Of Nigerians

Returns to Karu, commissions roads, 1 week after water supply project, says it’s part of urban decongestion

By: Our Reporter

One week after inaugurating the Karu satellite town water supply network in Karu, President Asiwaju Bola Ahmed Tinubu, Monday, returned to the Abuja satellite town, where he commissioned the newly rehabilitated and expanded roads from the Karu Interchange to the Customs Clinic Junction, including other vital adjoining roads.

He said the road projects and other infrastructural development are a clear testament to his promise to resolve urban congestion and uplift the living standards of Nigerians..

The Nigerian leader who was represented at the commissioning by his deputy, Vice President Kashim Shettima, explained that by expanding and rehabilitating the roads, his administration is not just laying asphalt but injecting life back into the nation’s local economy.

He noted that when he assumed office in 2023, his administration “recognized that true development must reach where the people actually live, work, and commute.

“Indeed, this project stands as a clear testament to our promise to resolve urban congestion and uplift the living standards of our people. It is a direct product of our Renewed Hope Agenda in action,” he stated.

President Tinubu observed that for years, the Karu corridor, which serves as a critical gateway between the FCT and neighboring states, grappled with severe traffic congestion that drained the productivity and energy of residents.

He, however, noted that the newly constructed and rehabilitated roads have dramatically cut down “daily travel times, eliminates frustrating gridlocks, and ensures that businesses in this densely populated area can thrive under the right conditions.

“A premium road network must also prioritize the safety of its users both day and night. To ensure maximum security along this corridor, the Federal Capital Territory Administration has installed modern solar-powered streetlights along the entire road network, illuminating dark stretches, drastically reducing nighttime crime, and improving visibility for motorists,” he added.

The President attributed the rapid physical transformation across Abuja to “the dogged, relentless and focused supervision” of the Minister of FCT, Ezenwo Nyesom Wike, noting the aggressive implementation of his administration’s urban renewal master plan is visible for all to see.

“I sincerely commend the Minister and his team. By prioritizing high-density, strategic satellite nodes like Karu alongside the city center, the FCT Administration is validating our governance philosophy: that the wealth of this territory must yield practical, everyday comfort for all socio-economic classes.

“I also commend the contractor Abdul-Val Nigeria Limited for quality work and timely delivery. They have demonstrated that Nigerian firms can match international benchmarks for quality, structural integrity, and project management,” he added.

The Nigerian leader charged traditional rulers, market women, youth leaders, and the entire Karu residents to protect the roads from vandalism, indiscriminate roadside dumping that clogs drainage systems, and ensure the roads serve as a secure foundation for their “commerce, safety, and long-term community pride.”

Earlier, the FCT Minister said the support given to the administration of the FCT by Mr President is unprecedented and a demonstration of his commitment to the wellbeing and welfare of the people.

Wike noted that residents of the territory and environs are overwhelmed with the developmental strides in the FCT and assured them of that the momentum will be sustained.

The Minister commended the steadfastness and commitment of the contractor that handled the infrastructure project in Karu and environs, particularly in aligning with the agenda of the Federal Government to transform the state of infrastructure across the country.

For her part, the FCT Head of Service, Mrs Nancy, on behalf of the management, staff and residents of the territory, thanked President Tinubu for his unwavering commitment to national development and infrastructural renewal.

Presenting the project overview, the Coordinator of the Satellite Towns Development Department (STDD) FCT, Hon. Zulkiflu Abdulkadir, said improving the state of infrastructure in the satellite towns and area councils as well as uplifting the lives and livelihoods of the residents is critical to the development of the FCT.

He said the project which comprises the installation of solar-powered street lights, construction of drainages and walkways, will significantly improve economic and social activities in Karu town which is the most populated satellite town in the FCT.

Also present at the ocassion were legislators, top government officials, traditional rulers and stakeholders in the FCT, among others.

President Tinubu: We’re Fulfilling Our Promise To Uplift Living Standards Of Nigerians

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MSF Launches Local Nutrition Initiative as Child Malnutrition Crisis Deepens in Kebbi

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MSF Launches Local Nutrition Initiative as Child Malnutrition Crisis Deepens in Kebbi

By: Michael Mike

Médecins Sans Frontières (MSF), also known as Doctors Without Borders, has launched a locally driven nutrition intervention in Kebbi State to tackle rising cases of child malnutrition amid growing concerns over preventable deaths among children under five in north-west Nigeria.

The humanitarian organisation announced on Wednesday that the programme, built around the use of Tom Brown, a locally produced complete food supplement, is expected to reach more than 16,000 children suffering from moderate acute malnutrition by the end of 2026.

The initiative comes against the backdrop of a sharp rise in severe acute malnutrition cases recorded in Kebbi between 2024 and 2025, a trend that has stretched healthcare resources and heightened fears of worsening child mortality in one of Nigeria’s most vulnerable regions.

MSF Nigeria Country Coordinator, Stuart Alexander Zimble, described the malnutrition situation in Kebbi as alarming, noting that it remains one of the leading causes of death among young children in the state.

He urged authorities and humanitarian agencies to intensify support and interventions to avert further avoidable deaths.

According to UNICEF data cited by the organisation, an estimated 30 newborns and 100 children under the age of five die daily in Kebbi State, with nearly half of the deaths linked directly to malnutrition. The crisis is compounded by high levels of stunting, widespread malaria and extremely low vaccination coverage, with only about 7.4 per cent of children under two years fully immunised.

MSF said it has been providing free treatment for severe and complicated malnutrition in Kebbi since March 2022 through two inpatient therapeutic feeding centres and four outpatient centres. However, it noted that the needs remain enormous due to persistent insecurity, limited healthcare access, climate-related shocks and declining livelihood opportunities that have weakened household resilience and worsened health outcomes.

The organisation disclosed that after health authorities decided in September 2024 to stop admitting children with moderate acute malnutrition to enable a focus on severe cases, medical teams subsequently recorded a 41 per cent increase in severe malnutrition cases treated at outpatient facilities and a 39 per cent rise in inpatient admissions.

Zimble said many children who initially presented with moderate malnutrition later returned with severe and, in some cases, life-threatening conditions, underscoring the need for earlier intervention.

The Tom Brown programme was consequently introduced in early 2026 as part of efforts to strengthen community-based responses to malnutrition before children deteriorate into critical conditions.

Tom Brown, also known locally as Garin Kunu, is a traditional Nigerian nutritional recipe prepared from a blend of sorghum, soya beans and groundnuts. MSF said the programme seeks to leverage a familiar and culturally accepted food supplement to create sustainable solutions that communities can continue using beyond emergency interventions.

Nigeria continues to grapple with one of the world’s largest burdens of child malnutrition. Humanitarian agencies have repeatedly warned that conflict, economic hardship, food inflation and climate shocks are pushing increasing numbers of children across the northern states into acute food and nutrition insecurity, making early intervention programmes crucial to preventing avoidable deaths.

MSF Launches Local Nutrition Initiative as Child Malnutrition Crisis Deepens in Kebbi

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Troops Rescue Security Personnel, Recover Arms After Mob Attack in Oyo

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Troops Rescue Security Personnel, Recover Arms After Mob Attack in Oyo

By: Zagazola Makama

Troops of the 2 Division Garrison have intervened in a mob attack at Ojurin Mammy Market in Lagalu Local Government Area of Oyo State, rescuing three police personnel and a civilian driver who were assaulted by unknown individuals.

Military sources said the incident occurred at about 6:46 p.m. on June 18, when the victims were attacked by a mob who mistook them for armed robbers while they were dressed in plain clothes.

The victims were later identified as personnel attached to the Violent Crimes and Response Unit Annex, Iyana Church, Alakia, Ibadan.

Troops who responded swiftly to the distress situation succeeded in rescuing the victims from the mob and restoring order in the area.

The civilian driver involved in the incident reportedly sustained varying degrees of injury and was evacuated to the 2 Division Medical Services and Hospital for treatment.

During the operation, troops recovered one AK-47 rifle, one riot gun, and 25 rounds of 7.62mm special ammunition from the scene.

Authorities said the situation had been brought under control, while efforts were ongoing to prevent further escalation and ensure public safety in the area.

Troops Rescue Security Personnel, Recover Arms After Mob Attack in Oyo

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