BVN is great, but here are 5 ways CBN can make it better
Industry Information

BVN is great, but here are 5 ways CBN can make it better

Creating BVN was a commendable first step, but if it doesn’t evolve with technology, it risks becoming  more bureaucratic than valuable.

Lenders battle against fraudsters; a case for an industry blacklist
Industry Information

Lenders battle against fraudsters; a case for an industry blacklist

As digital lending surges in Nigeria, fraud has quietly become one of the industry’s biggest threats, with coordinated identity theft and serial loan defaulters overwhelming individual lenders who battle in isolation. The danger isn’t unique. Kenya offers a stark warning, with an estimated 3.2 million people blacklisted on the country’s TransUnion credit bureau. Without a unified industry blacklist to identify and curb repeat offenders, Nigerian lenders risk following the same path, continually staying several steps behind increasingly sophisticated fraudsters.

Why non-financial companies are offering credit products
Growth marketing

Why non-financial companies are offering credit products

This article looks at why non-financial companies are offering credit products, how they structure these offerings, and what it means for lenders operating in African markets.