Nigeria’s problems will be solved by access to credit
Credit Laws

Nigeria’s problems will be solved by access to credit

Access to credit has historically been difficult in Nigeria. This is because, for years, big banks were the sole providers of financial services and those banks didn’t care too much for retail banking.

Are lenders evil for charging high interest rates?
Lending

Are lenders evil for charging high interest rates?

The average lender today typically charges 4% — 10% per month (48% — 120% per year). Whoa. It makes you wonder how they recover loans at these rates. At first glance, it seems outrageous, even exploitative but there’s more to the story when you consider the risks and costs lenders face in Nigeria’s financial landscape.

4 reasons why most loan defaulters are fraudsters
Industry Information

4 reasons why most loan defaulters are fraudsters

It’s time we stop sugarcoating this. Loan defaulters, in many cases, are fraudsters and here’s how they reveal themselves as such.