Bank of Ghana’s new licensing rule for digital lenders
Industry Information

Bank of Ghana’s new licensing rule for digital lenders

The Bank of Ghana has officially announced a new phase in digital credit regulation. Starting November 3, 2025, the central bank will begin accepting applications from entities seeking to operate as Digital Credit Service Providers. This includes every mobile loan application, digital lender, or fintech company offering credit services through apps or online platforms. Existing […]

How open banking affect credit bureaus in Nigeria
Industry Information

How open banking affect credit bureaus in Nigeria

This article breaks down how open banking is already influencing credit bureaus in Nigeria, what lenders are seeing today, and how the relationship between open banking and credit reporting is likely to evolve in the near future.

5 common mistakes first-time lenders make
Industry Information

5 common mistakes first-time lenders make

Starting a lending business can feel straightforward, but many first-time lenders quickly run into avoidable pitfalls. From weak credit assessment processes to unclear loan terms and poor borrower communication, small missteps can lead to costly outcomes like defaults and low customer retention. These early mistakes often stem from focusing too much on disbursement and not enough on structure, risk, and experience. Understanding where things typically go wrong is the first step to building a more resilient and effective lending operation.