Legal compliance pitfalls lenders must avoid in Nigeria
Gone are the days of loan-sharking tactics in Nigeria's modern, regulated lending ecosystem. Lenders who hope to make a lasting impact and withstand the hurdles in this space must be prepared to toe the line of honest, legal and ethical lending. Else, they risk being booted out of the ecosystem. Stay out of trouble with these 10 legal compliance areas.
Requirements for a moneylenders license in Nigeria
For those who want to lend strictly without offering other banking or financial services, we'll show you the requirements for a moneylender's license.
How to obtain a moneylenders’ license in Nigeria
Now that you have succeeded in your building efforts so far, you mustn’t forget the final hurdle. You need a moneylenders license to operate your lending business in Nigeria.