Everything you need to know about the Central Bank of Nigeria act
Industry Information

Everything you need to know about the Central Bank of Nigeria act

This article walks through the Central Bank Act with a focus on what it means for Nigerian lenders and credit providers.

How to use Lendsqr’s API to build rent-now-pay-later
Engineering

How to use Lendsqr’s API to build rent-now-pay-later

The credit ecosystem is democratizing access to better housing through rent-now-pay-later (RNPL) loan services. Learn more.

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.