The festive season is over and many of us will have made New Year’s resolutions. But are we sticking to them or are they already a distant memory? It’s funny... read more →
Traditional lenders in Nigeria have recently embraced online lending with a number of leading banks having set up online only entitles such as Alat by Wema bank and Specta by... read more →
The rise of online lenders raises challenges, opportunities and questions including, which regulator has jurisdiction and how the traditional lenders will respond. The case of the fraudulent MMM scheme that... read more →
Mobile money refers to the use of mobile phones for financial transactions. Progress in mobile communications technology and encryption systems has changed the economics of financial service provision, particularly in... read more →
Peer to peer lending in Nigeria is usually based on loan terms between three months and two years. A few factors affect the term of your loan, but most often,... read more →
The goal of the Bank Verification Number (BVN) is to uniquely verify the identity of each Bank’s customer for ‘know your customer’(KYC) purposes. It also helps lenders to know the... read more →
A business plan is key to securing loans for your business in Nigeria. It informs the lender of your objectives, strategies, sales, marketing and financial forecasts. It also helps you... read more →
