30 results
- 16 Mar 2014
Glo Introduces “Borrow Me Credit”
Globacom, national operator, has introduced ‘Borrow Me Credit’, a unique product that enables prepaid subscribers to receive airtime on an advance basis when they run out of airtime during emergency…
- 23 Jun 2026
Glo Elevates Customer Experience with optimized "Borrow Me Credit" Service
Digital solutions company, Globacom, has optimized its “Borrow Me Credit” service, reinforcing its commitment to ensuring that subscribers remain connected even when they have insufficient or low…
- 4 Jan 2021
CBN Asks Banks to Obtain Borrowers’ Records from Credit Bureaus
Central Bank of Nigeria (CBN) has instructed lending institutions to obtain reports of borrowers from credit bureaus as part of their due diligence in granting loans. It also said the operations of…
- 13 Aug 2019
Score Launched to Help Nigerians Borrow, Payback Loans
CRC Credit Bureau, in partnership with Fair Isaac Corporation (FICO), an America company, has developed a unique credit rating system, Score, that helps lenders make quick and informed credit…
- 18 Jan 2010
Elumelu Lauds Establishment of Credit Bureaus
Tony Elumelu, group managing director/CEO UBA Plc has lauded the establishment of credit bureaus in Nigeria describing it as a historic milestone in the financial services sector in the…
- 17 Aug 2010
Revealed! Why Credit Bureau is Yet to Click
Frustrations from within and outside the banking halls have combined to limit the growth of Credit Bureaux system put in place to forestall the re-occurrence of banking crisis occasioned by lax…
- 16 Mar 2020
CRC Gets Recognition from UK Body
Policy Development Facility Phase II (PDFII), funded by the United Kingdom government, has recognised Nigeria’s Credit Bureau Limited (CRC) for ‘Outstanding Facilitation of Access to Finance’ in the…
- 21 Nov 2025
CBN’s N75 Trillion Credit Milestone to Private Sector Falls Flat as Productivity Crisis Deepens
By Blaise Udunze Nigeria’s financial system is flashing red, and not because of a scarcity of money. Ironically, the Central Bank of Nigeria (CBN) and the nation’s banking proudly tout a historic…
- 3 Jul 2014
CBN Stops Loan Defaulters from Access to Credit
Central Bank of Nigeria (CBN) has banned banks and development banks from lending to loan defaulters of over N500 million, without its prior approval, according to circular signed by Mrs. …
- 29 Aug 2019
CBN Says No Credit to Firms, Individuals Without TIN, BVN
Central Bank of Nigeria (CBN) has mandated commercial banks to stop lending to firms without Tax Identification Number and individuals not having Bank Verification Number (BVN). This was…
- 11 Aug 2026
Nigerians Borrow More to Buy Homes as Mortgage Demand Climbs - CBN
Credit demand for house purchases by Nigerian households rose to 9.6 index points in the second quarter of 2026 (Q2 2026), indicating increased borrowing for personal home acquisition. The Central…
- 1 Jun 2026
Banks Lending to FG Hit N15.66 Trillion in One Year– CBN
Banks in Nigeria increased their lending to the federal government significantly over the past year, according to data from the Central Bank of Nigeria (CBN). The figures show that credit given to…
- 17 Oct 2019
CRC Credit Bureau Inks Agreement with Nova Credit U.S
Nigerians relocating to the United States can now use their international credit history to apply for credit products, following a partnership between CRC Credit Bureau and Nova Credit, a…
- 17 Jan 2022
Periculum Launches in Nigeria, Set to Build Credit Assessment Infrastructure for Africa
The availability of domestic credit is a key requirement for consistent economic growth in developing countries. The vitality of financial services such as banking, savings, debt and equity…
- 29 Jul 2021
Glo Introduces Borrow for Others
Globacom, national telecommunications company, is availing its pre-paid subscribers the opportunity to borrow airtime and data for friends, associates and family members. The service is called Borrow…
- 30 Jun 2023
The Right Approach to Credit Will Grow, Not Harm, Your Business
By Kevwe Onokerhoraye, Head, Product Strategy, OnePipe Imagine this: Mr. Okeke runs a small grocery store in the bustling city of Lagos, Nigeria. He has been in business for several years, and his…
- 4 Feb 2025
Senate Expresses Shock over Billions of Naira missing from FG Coffers
Senate has raised the alarm that billions of naira have left the federal government’s coffers unaccounted for, with critical revenue-generating agencies refusing to honour its Summons. The Senate has…
- 13 Mar 2026
CBN Orders Banks to Restrict Access to Banking Services for Loan Defaulters
Central Bank of Nigeria (CBN) has asked commercial banks to restrict loan defaulters, specifically large-ticket obligors, from accessing credit facilities. A large ticket obligor is a borrower (an…
- 2 Apr 2014
Glo Demonstrates 10 New Innovative Services
Globacom, yesterday organized a live demonstration of over ten brand new products and services for the media. The demonstration covers a broad spectrum of the operator’s offerings aimed at improving…
- 30 Jan 2022
CBN Amends Operational Guidelines of GSI to Allow Limitless Loan Recovery
Central Bank of Nigeria (CBN) has amended the operational guidelines of the Global Standing Instruction (GSI) to allow for continuous and unrestricted loan recovery by Deposit Money Banks (DMBs) and…
- 2 May 2023
CBN Says Only 57.4m of Nigeria's 200m People have BVN
Central Bank of Nigeria (CBN) has said that only 57.4 million out of over 200 million Nigerians have Bank Verification Number (BVN). The apex bank had partnered with the Nigerian Interbank Settlement…
- 14 Aug 2015
Fitch Affirms African Development Bank at 'AAA'
Fitch Ratings has affirmed the African Development Bank (AfDB)'s Long-term Issuer Default Rating (IDR) at 'AAA' with a Stable Outlook. The Short-term IDR has been affirmed at 'F1+'. A full list of…
- 2 Mar 2020
CRC Credit Bureau Launches CRC Mobile App for Credit Information
CRC Credit Bureau Limited has introduced its mobile application called ‘CRC Mobile’ in the Nigerian credit bureau industry, to allow individuals access to their credit information and credit scores…
- 8 Nov 2016
Glo Says ‘Borrow Me Data’ will give Subscribers an Edge
Mr. Sola Arowogbadamu, Head of Usage and Retention, Globacom, has explained that its new data solution, Borrow Me Data, has taken a big load of worry off the chest of its teeming subscribers.…
- 21 Nov 2021
CBN to Prosecute those Diverting Agric Fund
Central Bank of Nigeria (CBN) has threatened that borrowers who divert the funds provided under the Agricultural Credit Guarantee Scheme may earn a five-year jail term. Godwin Emefiele, governor of…
- 2 Nov 2016
Glo Enriches Customer Experience with Borrow Me Data
Globacom has unveiled a new product, Glo Borrow Me Data while three other existing products were re-packaged with more benefits. The four products, said by Globacom in a press conference in Lagos on…
- 16 Jan 2022
Periculum, Canadian Fintech Opens Operation in Nigeria, Sets to Build Credit Assessment Infrastructure for Africa
Periculum, Canadian fintech startup and credit assessment company, has launched in Nigeria to tackle the challenge of domestic credit to the underserved markets. Focused on improving financial…
- 17 Apr 2026
Airtel Nigeria Suspends Airtime and Data Credit Services
Airtel Nigeria has announced the temporary suspension of its airtime and data credit services. The affected services allowed eligible prepaid customers to borrow airtime or data and repay on their…
- 1 Dec 2025
Yuletide: Banks’ CEOs Says There Will Be Steady Cash Supply
Oliver Alawuba, group managing director, United Bank for Africa and also chairman the Body of Bank CEOs, has assured banks’ customers of a steady cash supply across all branches and restated that the…
- 19 Jun 2014
CBN Plans Credit System to Ease Access to Funds
Central Bank of Nigeria (CBN) has unveiled plans to establish a National Credit Scoring System to enhance access to credit. The apex bank Governor, Mr. Godwin Emefiele disclosed this while speaking…