How lenders should prepare for the new credit guarantee era
Industry Information

How lenders should prepare for the new credit guarantee era

The following guidance grounded in NCGC’s own structure, principles and announcements explains how banks and fintechs can get ready internally, shape the right loan offerings, align their credit and risk frameworks, educate borrowers, and coordinate across teams for this new guarantee-driven lending ecosystem.

3 ways expense tracking can improve your financial health
Industry Information

3 ways expense tracking can improve your financial health

Kolo Finance — a personal finance management tool — allows you to combine all your Nigerian bank accounts. With your permission, it can get transaction data from your emails and SMS and put it all together in an understandable manner.

Can I use a cooperative license to lend in Nigeria?
License

Can I use a cooperative license to lend in Nigeria?

One question that prospective Nigerian lenders always ask is if it’s legal to use a cooperative license to lend. Yes, it is.