30 results
- 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…
- 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…
- 16 Mar 2009
Diamond Bank Issues Visa Credit Cards
Diamond Bank has taken a giant leap towards promoting a society less dependent on cash with the launch of the Diamond Bank Visa credit card available to its existing customers and people who do…
- 30 Jan 2013
FCMB Offers Free Visa Naira Cards to Customers
First City Monument Bank (FCMB) Plc has announced free issuance of FCMB Visa Cards, its new range of Naira Visa Cards to customers. The FCMB Visa Cards, which are available in debit, credit and…
- 30 Dec 2020
Loans Defaults with Collateral Worsened in Q4 – CBN
Central Bank of Nigeria (CBN), has said that default on loans with collateral worsened in the fourth quarter of 2020. Mr. Godwin Emefiele, CBN governor The statistics department of the CBN disclosed…
- 8 Oct 2017
Interswitch Partners Banks, Credit Providers to Render Low-level Nano loans
Interswitch foremost Africa-focused digital payments and Commerce Company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organizations…
- 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…
- 29 Sept 2016
Microsoft Launches Modern Non-profit Campaign, Charges NGOs on Cloud Tech
Microsoft, leading technology giant, has again reinstated its commitment to empowering every organizations and individuals on the planet to achieve more with the launch of Modern Non-profit campaign…
- 28 Nov 2016
Nigeria Missing as Namibia Tops All African Countries Featured in Global Entrepreneurship Index
The Ashish J Thakkar Global Entrepreneurship Index of 85 countries ranks Singapore as the best environment for entrepreneurs. Of the African nations, Namibia scores highest and comes 42nd overall –…
- 18 Sept 2016
Fidelity Bank MD Explains Why Banks don’t Give Long Term Loans
Mr. Nnamdi Okonkwo, managing director, Fidelity Bank Plc, has said that the inability of commercial banks to give long-term credit facilities is due to the non-availability of long-term-deposits by…
- 30 Jul 2026
Oye, AERE Raises Alarm as 8m MSMEs Collapse in 18 Months
Dele Oye, chairman, Alliance for Economic Research and Ethics (AERE), has raised the alarm that an estimated eight million micro, small and medium enterprises (MSMEs) shut down across Nigeria between…
- 1 Jul 2021
UBA Leads Peers in Stimulating Economic Growth in Africa through Consumer Lending
United Bank for Africa (UBA) Plc, Pan African financial Institution, has reiterated its support for SME business and businesses through consumer lending and have innovated with niche products that…
- 12 Jan 2020
Wigwe, Access Bank Boss Invited, Not Arrested by EFCC
Management of Access Bank Plc has said that Herbert Wigwe, its group managing director, was never arrested by the Economic and Financial Crimes Commission (EFCC) over allegations of fraud. In a…
- 27 Apr 2022
FastCash Disburses N59Bn Personal Loans on Digital Platform
FastCash, a fast-growing instant loan platform in Nigeria launched by First City Monument Bank, has disbursed N59bn worth of loans through its digital platform. A statement said all the loans…
- 7 Nov 2022
Yabx Expands to Nigeria, Aims to Double Growth in Africa
Netherlands-based Fintech venture Yabx has announced its entry into Nigeria and says its mission is to democratise credit in the country by levering its digital lending solutions. The company…
- 17 Nov 2023
Zoho Declares 50% Growth in Nigeria, Partners StartupSouth to Empower Startup
Zoho, a global technology company, on Friday announced that it grew by 50% in Nigeria in 2022. The company, as part of its Zoho for Startups programme, has also partnered with #StartupSouth, an…
- 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…
- 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…
- 9 Jul 2020
Customers to Access up N3m in New UBA Credit Card, Flexible Repayment Plans
United Bank for Africa (UBA) Plc, Pan African financial institution, has introduced the new UBA Naira Credit Card to its teeming customers in fulfilment of its promise to ease accessibility to funds…
- 16 Dec 2024
Mastercard Partners with Allawee to Enhance Financial Access in Nigeria
Allawee, one of Nigeria’s leading digital lending fintech, in collaboration with Mastercard, has launched a credit-building card designed to enhance financial access for federal civil servants and…
- 2 Jul 2012
Financial Inclusion: FirstBank Offers Single Digit Lending Rate to SMEs
First Bank of Nigeria Plc has extended single digit loans to entrepreneurs in partnership with the Nigeria Association of Small Scale Industrialists (NASSI). The bank has since signed a Memorandum of…
- 18 Jun 2012
First Bank Signs MoU with NASSI
First Bank of Nigeria Plc has signed a Memorandum of Understanding with the National Association of Small Scale Industrialists (NASSI) to support small- scale enterprises. According to Bisi Onasanya,…
- 27 May 2022
Unity Bank Yanga Product Positioned to Empower Underbanked Women Entrepreneurs – Olufunwa Akinmade
Mr. Olufunwa Akinmade, divisional head, Retail, SME Banking and E-Business, Unity Bank Plc, has explained that the “raison d’etre for launching the Bank’s latest retail product called Yanga is to…
- 3 Dec 2018
Wepay e-Platform Debut in Nigeria, Online Shoppers Can Order Product Without Internet
Online shoppers in Nigeria are about to experience a new vista in e-commerce with a bold entrance. BODC Trading and Investment Company at the launch of the platform ( www.wepayng.com ) in Lagos…
- 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…
- 5 Nov 2020
Afreximbank Earmarks $1.5Bn To Boost African Economies
The African Export-Import Bank, Afrximbank has unveiled a $1.5 billion collaborative COVID-19 Pandemic Response Facility (COPREFA) to back African economies with rapid financial assistance to reduce…
- 25 Jun 2026
FG Proposes Africa-Wide Payment Card without Conversion through US Dollar
Taiwo Oyedele, minister of Finance and coordinating minister of the Economy, has said that Africa’s payment ecosystem should move beyond traditional systems that rely on third-party currencies for…
- 12 Aug 2018
Mines Secures $13M Series A to Grow Digital Credit Platform for Emerging Markets
Mines, a fintech startup re-inventing credit in emerging markets, has closed a Series A round of $13M led by The Rise Fund, a global fund managed by TPG Growth. Also participating are Velocity…
- 26 Apr 2024
CIBN says Recapitalization will Empower Banks to Lend more to Economy
Chartered Institute of Bankers of Nigeria, CIBN, has expressed support for the ongoing banking recapitalization exercise saying it will empower banks to lend more to the economy. CIBN President, Dr.…
- 12 Sept 2014
Nucleus Software Unfolds Portfolio for Africa Banking Industry
Indian banking and financial services software powerhouse, Nucleus Software Exports has rolled out a new credit and loan system that will enable banks in Africa to improve its lending capabilities…