Lenders battle against fraudsters; a case for an industry blacklist
Industry Information

Lenders battle against fraudsters; a case for an industry blacklist

As digital lending surges in Nigeria, fraud has quietly become one of the industry’s biggest threats, with coordinated identity theft and serial loan defaulters overwhelming individual lenders who battle in isolation. The danger isn’t unique. Kenya offers a stark warning, with an estimated 3.2 million people blacklisted on the country’s TransUnion credit bureau. Without a unified industry blacklist to identify and curb repeat offenders, Nigerian lenders risk following the same path, continually staying several steps behind increasingly sophisticated fraudsters.

Frequently asked questions about SME loans
FAQs

Frequently asked questions about SME loans

Get answers to the most common questions about SME loans, including eligibility, interest rates, and how to improve your chances of approval.

How to finance your first car as an immigrant in the US
Borrower information

How to finance your first car as an immigrant in the US

Financing a car in the U.S. is available to you. The challenge is knowing which routes build your stability rather than drain it. That’s where this guide comes in.