Moniepoint Microfinance Bank launches new savings products in Nigeria

Moniepoint Microfinance Bank has launched an enhanced line of savings products accompanied by a new brand campaign titled ‘One Step Ahead’. The initiative features Nollywood actress Funke Akindele and aims to promote financial resilience among Nigerians facing economic uncertainty.

Data from a recent Moniepoint customer survey indicates that unexpected expenses disrupt the savings plans of 72.8% of individuals, while irregular income affects 51% of savers nationwide. In response, the bank is offering flexible savings solutions designed to provide competitive returns while allowing customers to access funds when necessary to manage life’s unforeseen costs.

Babatunde Olofin, Managing Director of Moniepoint Microfinance Bank, stated that these solutions were developed to address specific customer pain points by providing an ecosystem that combines growth with accessibility.