Nigeria’s Banks and Other Financial Institutions Act
This article walks through Nigeria's Banks and Other Financial Institutions Act in a way that connects the legal provisions to how lending businesses actually operate.
What is rent reporting and why is it important in Nigeria?
Many people who don’t have much credit history do have a history of paying rent on time. But that information doesn't show up on their credit reports or help their credit scores. However, with rent reporting, everything changes.
How to restructure loans and work with struggling borrowers
Loan restructuring is a common aspect of being a money lender. Borrowers, with sincere intentions to repay, often face hurdles such as economic shifts, unexpected emergencies, and other unforeseen circumstances. So, here are the ways you can help restructure loans for these borrowers.
