High interest rates, surging non-performing loans threaten loan app business in Nigeria
The digital lending space in Nigeria is currently in dire strait as both the lenders and the borrowers are lamenting ...
Tag: Loan Apps
FCCPC: Approved loan apps companies in Nigeria rise to 284 in May 2024
According to the FCCPC database, a total of 232 companies have been granted full approval to operate as digital lenders ...
Loan apps: NDPC investigating over 400 cases of privacy breaches
The Nigeria Data Protection Commission (NDPC) is currently investigating over 400 cases of privacy breaches involving digital lenders, popularly known ...
Loan app business booms in Nigeria as approved digital lenders hit 263
The digital lending space in Nigeria is attracting more players by the day, leading to a steady increase in the ...
Harsh economy: More Nigerians besiege loan apps for credit, lenders’ NPLs rise
More Nigerians are now resorting to credit from loan apps to survive as the harsh economic conditions bite harder, Nairametrics ...
Top 10 loan apps in Nigeria by user ratings as of January 2024
Despite challenges surrounding their mode of operations, especially concerning debt recovery, loan apps or digital money lenders continue to play ...
Loan apps: FCCPC says new regulation to address rising debt coming in 2024
The Federal Competition and Consumer Protection Commission (FCCPC) has said it would be developing a new regulatory framework to address ...
Top 5 loan apps in Nigeria as of August 2023
The digital lending space in Nigeria continues to boom despite the issues around unethical practices by some of the lenders ...
NCC to prosecute loan apps, telemarketers for illegal use of phone numbers
The Nigerian Communications Commission (NCC) has issued a stern warning to loan app companies and telemarketers over their unauthorized usage ...
FCCPC releases fresh list of 154 approved loan app companies and their apps
The FCCPC has released a fresh list of 154 companies it has given full approval to operate loan apps in ...
