FCCPC regulations for digital lenders
Information

FCCPC regulations for digital lenders

The Federal Competition and Consumer Protection Commission (FCCPC); the regulatory agency responsible for ensuring consumer protection and regulating competition in Nigeria, recently released a Limited Interim Regulatory/Registration Framework for Digital Lending. This regulatory framework is enforceable whilst they work on a more comprehensive framework to guide the operations of digital lenders in Nigeria. The Commission […]

What are the problems associated with lending money in Nigeria?
Industry Information

What are the problems associated with lending money in Nigeria?

Every day, thousands of Nigerian lenders wake up to face a market that’s equal parts promising and precarious. The nation’s vast population, entrepreneurial spirit, and rapidly growing SME sector make it an attractive ground for credit services.  Over 40 million MSMEs account for nearly half of Nigeria’s GDP, and many of these businesses rely on […]

Lendsqr introduces line of credit feature to give Tanzanians flexible access to credit
Press Release

Lendsqr introduces line of credit feature to give Tanzanians flexible access to credit

Tanzanian borrowers now have more flexibility! Lendsqr’s new Line of Credit feature allows users to access a continuous pool of funds. Draw what you need, repay, and reuse.