How to obtain a moneylenders’ license in Nigeria
How to

How to obtain a moneylenders’ license in Nigeria

Congratulations on making the decision to contribute your quota in bridging Nigeria’s credit gap and scaling the hurdles to become a lender. 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. This is a key […]

How to assess loan applications for individual borrowers  
How to

How to assess loan applications for individual borrowers  

While lending is globally known to be very profitable, after all even in the bad economy of Nigeria, banks routinely deliver superlative returns, the thoughts of Non Performing Loans (NPL) ratios would make any lender worry. The reputation of Nigerians not paying back their loans poses a red flag and emphasizes the need to develop […]

Why Nigerian banks will never win the consumer credit game
Lending

Why Nigerian banks will never win the consumer credit game

Consumer lending is basically loans to individuals, like me and you, to purchase goods and services. Of the forms of consumer lending, credit cards are perhaps the most popular. Yet, if you’re a Nigerian reading this, that last sentence is not very relatable, mostly because not only is consumer lending uncommon in Nigeria, credit card […]