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.
What is rent reporting and why is it important in Nigeria?
Many people who donât 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.
Word on the street: Loans are bad! Maybe not
why do loans have such a bad rep in Nigeria? Why do people liken loans to entrapment? Letâs dive in and find out why.
