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What is SANEF? SANEF (Shared Agent Network Expansion Facility) is a project powered by the Central Bank of Nigeria, Deposit Money Banks, Nigeria Inter-Bank Settlement Systems, Chartered Institute of Bankers of Nigeria, licensed Mobile Money Operators and Shared Agents with the primary objective of accelerating financial inclusion in Nigeria.
Why SANEF? The project seeks to deepen financial inclusion in Nigeria through an integrated ecosystem with strong regulatory oversight, consumer protection and interoperable systems with limited concentration risk. It will create a platform for Nigerian owned financial services companies to grow whilst empowering and creating jobs for Nigerians. So, wherever you see the SANEF identity, you can perform basic financial services such as; account opening, cash deposits and withdrawals, funds transfer as well as bills payment
Latest Media Posts
The latest industry news, interviews, technologies, and resources.
Nigeria’s Mobile Transfers Surge 151% in One Year
Within a period of one year, the volume of financial transactions through mobile devices has more than doubled, a BusinessDay analysis from the Nigeria Interbank Settlement System (NIBSS) shows.
E-payment Transactions in Nigeria Hit Monthly All-Time High of N33.2 Trillion in August 2022
Data released by the Nigeria Inter-Bank Settlement Systems (NIBSS) has revealed that transactions worth N33.2 trillion were performed electronically in August through the NIBSS Instant Payment platform (NIP).
FG to Generate N484bn From e-Payment Channels
The Federal Government is set to make a total of N483.73bn in three years from electronic payment boom by way of the Electronic Money Transfer Levy. This projection was made by the Budget Office of the Federation