Microfinance services refer to loans, deposits, insurance, fund transfer and other ancillary non-financial products targeted at low-income clients. Three features distinguish microfinance from other formal financial products: smallness of loans... read more →
Credit Research Institute
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www.StartCredit.com Nigerian banks are struggling as the percentage of impaired loans increased 3.69% in 2015 to 4.91% in 2016, while non-performing loans (NPLs) saw a larger increase from 5.30% in... read more →
Liquidity in the commercial banks has increased in the banks QoQ despite the recession and an increase in the interbank rate. The reduced economic activity associated with the recession increases... read more →
1) What is a credit bureau? Answer: A credit bureau is an agency that collects and maintains individual credit information and sells it to lenders, creditors, and consumers in the... read more →
The National Bureau of Statistics show the average interest rate charged by the commercial banks on a loan at 17.09% in Q3 2016 up from 16.82% in Q1 2016. The... read more →
The total private sector credit issued by Nigeria’s commercial banks increased, from 11.4trn in Q1 2016 to 13.8trn in Q3 2016 according to the National Bureau of Statistics. The provision... read more →
Nigeria’s 37mn SMEs contribute to economic growth and job creation, but face difficulties accessing credit due to collateral requirements by the banks. SMEs are typically unable to utilize most of... read more →
The National Bureau of Statistics show the average interest rate charged by the commercial banks on a loan at 17.09% in Q3 2016 up from 16.82% in Q1 2016. The... read more →
1) What is a credit bureau? Answer: A credit bureau is an agency that collects and maintains individual credit information and sells it to lenders, creditors, and consumers in the... read more →
Liquidity in the commercial banks has increased in the banks QoQ despite the recession and an increase in the interbank rate. The reduced economic activity associated with the recession increases... read more →