30 results
- 18 Mar 2014
Intel, First Bank Kick off Consumer Loan Offer
Intel Nigeria, FirstBank, and Slot Limited, have thrown their weight behind an initiative that offers the public the opportunity to purchase personal computers and tablets now and pay later. The…
- 28 Oct 2020
Huge Consumer Loans Weigh Banks Down
A Central Bank of Nigeria (CBN), Survey Report has shown that banks experienced higher loan default rates on credit cards and overdrafts/ personal lending to household in the third quarter of the…
- 18 May 2023
NCC Asks Consumers to Beware of Online Loan Sharks
Nigerian Communications Commission (NCC) has cautioned members of the public to be cautions of fraudulent activities of those it described as loan sharks. The commission also said that there are many…
- 13 Jun 2018
Specta, Sterling Bank’s Online Platform Advances N2Bn Loans in 4 Months
Specta, the revolutionary lending platform powered by Sterling Bank, has advanced consumer loans worth N2billion to salaried workers who are members of the lending platform’s pre-approved community.…
- 3 Sept 2025
Loan Sharks to Face N100m Fine for Consumer Abuse, Data Privacy Breaches
Federal Competition and Consumer Protection Commission (FCCPC) has officially issued the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (DEON Consumer Lending…
- 31 Jan 2025
FCCPC Issues Message to Nigerians on How to Report Loan Apps Harassing Customers
Federal Competition and Consumer Protection Commission (FCCPC) has issued a stern warning to loan apps and businesses that harass and intimidate Nigerians over unpaid loans. In a bold move to protect…
- 5 Sept 2016
CPC Probes Resort Savings & Loans over Alleged Diversion of Deposits
Consumer Protection Council (CPC) has began probe operations of Resort Savings and Loans Limited (RSL) over allegations of diversion of depositors’ monies and mortgage loans, following inundated…
- 28 Jun 2026
FCCPC Dismisses Report Claiming Approval of 48 New Loan Apps
Federal Competition and Consumer Protection Commission (FCCPC) has dismissed as false a report claiming it approved 48 additional digital loan applications, raising the number of licensed digital…
- 13 Jun 2024
Fraud: FCCPC Delists 47 Loan apps, 88 on Watchlist
Federal Competition and Consumer Protection Commission (FCCPC) has delisted 47 unregistered loan apps, Google playstore as at May 2024, in a renewed crackdown on such platforms. This is coming after…
- 5 May 2017
Kudi Capital Launches Online Lending Portal
Kudi Capital Management Ltd has announced the public launch of Kudimoney.com a fully licensed online lending platform offering unsecured personal loans to consumers in Nigeria. At kudimoney.com,…
- 22 Aug 2022
FG Orders Telcos, Fintechs to Stop Services to Loan Sharks
Federal Competition and Consumer Protection Commission (FCCPC), said it has ordered telecommunication/technology companies (including mobile network operators and digital financial payment systems)…
- 30 Nov 2021
FG Sets Up Committee to Probe Online Loan Sharks
Federal Competition and Consumer Protection Commission (FCCPC) has said that the joint regulatory and enforcement committee to probe rights violation in money lending industry has begun its…
- 17 Aug 2020
Zedvance Unveils “Keeping SMEs Alive” Campaign, Offers Zero-interest Loans to Small Businesses
Leading consumer and SME finance company, Zedvance Finance Limited has revealed plans to empower small and medium-sized businesses with interest-free credit to catalyze their growth against the…
- 1 Apr 2022
FCCPC Accuses Google of Protecting Illegal Online Loan Sharks
The Federal Competition and Consumer Protection Commission (FCCPC) has indicted Google for obstructing efforts aimed at tracing the owners of illegal online money lenders engaged in consumer rights…
- 27 Apr 2017
Kudimoney.Com, Online Lending Platform Offering 1-Hour Loans Now in Lagos
Kudi Capital Management Ltd today announced the launch of Kudimoney.com a fully licensed online lending platform offering unsecured personal loans to consumers in Nigeria. At kudimoney.com…
- 30 Jul 2024
Access Bank Revamps QuickBucks, Disburses N740Bn Digital Loans in 7 Years
Access Bank has revamped its digital loan platform ’QuickBucks’, to boost lending across Nigerian consumers. The bank said customers can access the bank’s digital loans for businesses, vehicle…
- 15 May 2024
FCCPC Barks as Loan Apps Continue to Harass Customers
Federal Competition and Consumer Protection Commission (FCCPC) has said steps are being taken to tackle loan Apps services providers that engage in harassing tactics against customers. FCCPC also…
- 13 Aug 2019
CBN Asks Banks to Disclose all Loans Details to Customers
Central Bank of Nigeria (CBN) has issued new Consumer Protection Guidelines to improve the quality of banking and has directed commercial banks to provide a Key Fact Statement (KFS), giving a summary…
- 12 Sept 2022
Experts Proffer Solutions to Data Breach by Loan Sharks
Experts who gathered for the maiden Consumertrics workshop, held in Lagos, have advocated proper regulation of digital loan sharks. The experts, who spoke on the theme “Responsible Borrowing and…
- 8 Mar 2012
FirstBank Empowers Small Businesses with U-First Products
Buoyed by constant innovation, FirstBank has progressively demonstrated that its product offering transcends the regular lending, deposits, trade and treasury products, to the development of…
- 5 Mar 2012
FirstBank Empowers Small Businesses with U-First Products
Buoyed by constant innovation, FirstBank has progressively demonstrated that its product offering transcends the regular lending, deposits, trade and treasury products, to the development of…
- 20 Jan 2022
FCMB’s FastCash Offers N200,000 Support For School Fees
In a bid to help Nigerians deal with financial challenges and meet urgent needs without hassles, customers, and non-customers of First City Monument Bank Plc can now access a higher loan amount of up…
- 2 Aug 2018
Paylater Loan App Reaches 1m Downloads
In Nigeria, a country of nearly 200 million people, 61% of the adult population is un- or underbanked. Fintech companies like Paylater represent a tremendous opportunity to get formal banking…
- 20 Jun 2021
Sterling Bank Calls for Monetisation of Intellectual Property
Sterling Bank Plc has called for monetization of intellectual property of creators in the creative industry. Mr Lanre Olalusi, head of Creative and Entertainment Business Financing of the Bank, made…
- 3 Dec 2020
Forex Liquidity Presents Risks to Nigerian Banks’ Ratings – Fitch
Fitch Ratings has said foreign currency liquidity presents a significant risk to Nigerian banks’ ratings. The international rating organisation said this in its report on Tuesday entitled ‘Fitch…
- 22 Apr 2019
CBN Bans Mortgage Banks from Granting Dollar Loans
Central Bank of Nigeria (CBN) has barred Primary Mortgage Banks from granting foreign currency denominated mortgage loans to customers, according to a draft guideline for the licensing and regulation…
- 11 Jan 2024
FBNQuest Expects Banks to Maintain Tight Risk Mgt Frameworks
Citing the tight credit environment, FBNQuest Research has predicted that deposit money banks (DMBs) in the country are likely to maintain tight risk management frameworks in the months ahead. The…
- 21 Aug 2025
FCCPC Bars Digital Loan Firm from Forcing Services on Residents
Federal Competition & Consumer Protection Commission (FCCPC) has barred Peachville Platinum Facility Management (PPF M) Limited from forcing its services on members of the Peachville Estate…
- 25 Aug 2024
Nigerians Borrow N4.82 Trillion from Banks in 3 Months
Nigerians borrowed a total of N4.82 trillion from banks between January and March this year, according to the First Quarter 2024 Economic Report published by the Central Bank of Nigeria (CBN). The…
- 25 Nov 2019
FairMoney Launches ‘No Excuses’ Campaign
FairMoney, the mobile bank for emerging markets, is running the ‘No Excuses’ campaign to encourage individuals and small businesses to take advantage of its loan offering of N1,500 to N150,000.…