BVN is great, but here are 5 ways CBN can make it better
The Bank Verification Number (BVN) has transformed identity verification and reduced fraud across Nigeria's financial sector, but there is still room for improvement. This article explores five practical ways the Central Bank of Nigeria could strengthen the BVN system to improve security, expand financial inclusion, enhance data accuracy, and support better lending decisions for financial institutions.
What you need to know about CrediCorp
In Nigeria, easy access to credit is vital to achieving personal financial goals. The Nigerian Consumer Credit Corporation (CrediCorp) is leading the charge in making consumer credit more accessible, putting Nigerians in the driver's seat of their financial futures.
VeendHQ Vs. Lendsqr: Which loan management software is right for you?
The difference between a flourishing lender and one that’s struggling to stay afloat is often evident in one critical factor: the lender’s technology or, in this case, the lender’s loan management software (LMS). VeendHQ and Lendsqr boasts of excellent features and benefits. But which one truly stands out?
5 ways to stand out as a lender in Rwanda
Drawing from our extensive experience and industry knowledge, we've found Rwanda to be an ideal environment for digital lending. Find out 5 ways to stand out!
What you need to know about blacklists
A blacklist is an organized list that records the details of individuals who have engaged in misconduct. And there are so many blacklists all over the world. Today, we talk about KARMA.
All you need to know about the new student loan law
For many Nigerian students today, their dreams are stifled by financial barriers. Learn how the new student loan helps to change that.
How borrower behaviors have shifted under the threat of GSI
GSI is making borrowers think twice before taking out loans, pay closer attention to the fine print of loan agreements, and more.
8 signs a borrower would default
Any lender who plans to run a profitable loan business and not a charity organization must keep a sharp eye out for signs that a borrower might bail on their loan repayments.
What is the loan recovery process?
Loan recovery is about ethically stepping up efforts to retrieve what's owed to you, employing assertive tactics to ensure full repayment of the loan.
A lender’s guide to understanding risk assessment
Effective risk assessment is the foundation of responsible lending. This guide explores how lenders evaluate borrower risk using credit data, financial analysis, behavioral insights, and alternative data to make informed lending decisions, reduce defaults, and build healthier loan portfolios.
7 best things the Central Bank has ever done for digital lending in Nigeria
Nigeria's digital lending industry has grown rapidly, supported by regulatory reforms that promote consumer protection, financial stability, and responsible innovation. This article highlights seven of the Central Bank of Nigeria's most impactful initiatives and examines how they have shaped the country's digital lending ecosystem.
