Debt Trap: Are Loan Apps Creating a New Wave of Poverty in Nigeria?
High-cost borrowing often forces people to take new loans to pay off existing debts, creating a vicious debt cycle, particularly ...
High-cost borrowing often forces people to take new loans to pay off existing debts, creating a vicious debt cycle, particularly ...
Socio-Economic Rights and Accountability Project (SERAP) has asked the 36 state governors of Nigeria and the minister of the Federal ...
BUA Cement, under the leadership of Nigerian billionaire Abdulsamad Rabiu, has successfully obtained a financing package of $500 million from ...
Nigeria has been forewarned by the International Monetary Fund to prepare for a substantial decrease in foreign loans as the ...
The Central Bank of Nigeria (CBN) has authorized foreign banks to work with their parent companies in availing and syndicating ...
Moni, a digital platform that leverages social trust and group responsibility to deliver financial services in Africa, has launched a ...
Government's contingent liabilities as a share of GDP fell from 2.75% in 2020 to 2.64% in 2021
He said the bank had collaborated with the EFCC to set up a desk with a view to recovering the ...
...Traditional banks are still trailing in the aspect of making finance (loans) accessible to customers
In 2016 it became a digital lender via its Paylater App and was focused on providing access to consumer credit
“It’s ironic that states that received fiscal bailouts did not repay the loans and are still borrowing beyond their revenue ...
"Banks are supposed to approach the CBN on behalf of their customers to solve these problems; the commercial banks lend ...
The funding was led by Atom Capital with participation from Aidi Ventures, Ham Serunjogi of Chippercash, Olumide Ogunsanwo of Adamantium ...
FirstBank clients involved in the development and import of supplies and equipment essential to battle the COVID-19 epidemic would have ...
