Device finance in Nigeria: A case for BNPL
In an era where a smartphone is no longer a luxury but a fundamental tool for economic survival, Nigeria's "affordability gap" has never been wider. With inflation squeezing disposable income, the traditional model of outright cash purchases is being replaced by the rapid rise of Buy Now, Pay Later (BNPL). This shift isn't just about convenience; it’s a strategic response to currency volatility and a lack of traditional credit infrastructure. By leveraging alternative data and "pay-as-you-go" technology, BNPL providers are turning the dream of high-end tech ownership into a manageable monthly reality for millions of Nigerians, ultimately driving the nation's next wave of digital inclusion
Why Nigerians don’t pay their loans
The frustration that comes from not being able to recover money because Nigerians don’t pay back their loans isn’t debatable. But, why don’t Nigerians pay back their loans?
Everything to know about the Nigeria credit reporting act
This article provides an explanation of the Credit Reporting Act. It stays close to the law while focusing on how the provisions affect lenders in practice.