When to go legal with loan defaulters
Industry Information

When to go legal with loan defaulters

Whether you're a small lender or a big institution, the decision to pursue legal action against a defaulter is governed by various factors, including the loan type, the borrower's behavior, and, most importantly, the legal framework in your jurisdiction.

CBN’s Global Standing Instruction (GSI) explained
Information

CBN’s Global Standing Instruction (GSI) explained

Understand what the CBN's Global Standing Instruction (GSI) is and how it affect loan repayments within the Nigerian financial ecosystem

FCCPC sets deadline for compliance
Industry Information

FCCPC sets deadline for compliance

According to the Commission, operators have had sufficient time to adjust. The Regulations took effect on 21 July 2025, so by January 2026, all lenders would have had more than five months to align their practices with the FCCPC.