What is the National Credit Guarantee Company (NCGC)
Industry Information

What is the National Credit Guarantee Company (NCGC)

So when the Federal Government of Nigeria announced the establishment of the National Credit Guarantee Company Limited (NCGC), expectations were naturally high, but so was the skepticism.

Why Credit Scoring is Important to Lending
Lending

Why Credit Scoring is Important to Lending

A big determinant in whether you decide to lend a borrower money or not is the confidence you have in the borrower’s ability and willingness to pay you back.

What are the problems associated with lending money in Nigeria?
Industry Information

What are the problems associated with lending money in Nigeria?

Every day, thousands of Nigerian lenders wake up to face a market that’s equal parts promising and precarious. The nation’s vast population, entrepreneurial spirit, and rapidly growing SME sector make it an attractive ground for credit services.  Over 40 million MSMEs account for nearly half of Nigeria’s GDP, and many of these businesses rely on […]