How to secure your MFB license in Nigeria
When it lending is large-scale, the options are usually finance houses and MFBs. Today, we’ll cover the processes and requirements to obtain the MFB license.
The risks and benefits of mobile apps for financial inclusion
Read about the pros and cons of using mobile apps as a tool for financial inclusion
Why Nigerian banks will never win the consumer credit game
Nigerian banks have never been equipped to win the consumer credit game. Their rigid lending practices, heavy collateral requirements, and deep-rooted aversion to retail risk keep everyday borrowers locked out. Fintechs are filling the gap with faster, more flexible solutions, while banks remain stuck in outdated models. Now that we know how important consumer credit is and why it matters, why are banks so ill-qualified to solve the problem?