The Federal Competition and Consumer Protection Commission (FCCPC) has taken a significant step towards regulating the digital lending industry in Nigeria by approving 211 reliable loan apps as of October 2023. This move comes in response to the growing concerns surrounding the unethical practices of some loan apps, including exorbitant interest rates, unfair debt collection …
Sterling Financial Holdings has recently announced the launch of its non-interest banking subsidiary, The Alternative Bank. The event took place simultaneously in three major cities across Nigeria: Lagos, Abuja, and Kano. The Alternative Bank sets out to create sustainable wealth for all by adopting a unique approach to partnering with its customers. At the Abuja …
Sterling HoldCo expands Alternative Bank’s presence in Nigeria
As part of nairaCompare's commitment to empowering you with information to make sound financial decisions, we are excited to announce the addition of two payday loan products. The "Public Sector Loan" and the "Remita Loan," made available through our trusted partner, Mutual Benefits Microfinance Bank. These loans are now accessible for comparison and application on …
World Mental Health Day – October 10th Mental health and financial well-being are closely intertwined. The stress and anxiety caused by financial instability can significantly impact your mental health. On World Mental Health Day, we want to highlight the importance of maintaining a healthy financial mindset. By adopting good financial practices, you can reduce stress …
Small and medium enterprises (SMEs) play a vital role in the Nigerian economy. However, they often face challenges with business management, payments, and access to information. This is the gap that Olivia hopes to fill. Olivia App is an indigenous mobile solution designed to streamline business operations and payment systems for SMEs. It is a …
Stanbic IBTC Holdings Plc, one of Nigeria's leading financial services groups, has launched its pioneering fintech subsidiary, Zest. Zest is a platform that brings together different payment companies so that consumers and businesses can easily use different ways to pay. The launch of Zest marks a significant milestone in Stanbic IBTC's journey towards becoming the …
Assets Microfinance Bank has launched a new loan product called Assets Salary Plus Loans. It is designed to make it simpler and cheaper for salary earners to meet their needs in light of the challenging economic conditions in Nigeria. The Deputy Managing Director of Assets Microfinance, Obinwanne Mordi, said that the bank is committed to …
Assets Microfinance Bank Increases Workers’ Access to Credit
CardinalStone Partners Limited, has recently rebranded itself as CardinalStone Finance. CardinalStone Finance's Chief Executive Officer, Ayoola Adeola, hailed the rebranding as a momentous milestone. He sees the new name, CardinalStone Finance, as a symbol of the company's commitment to empowering clients with financial flexibility. Thus, enabling them to tap into new opportunities and unlock their …
Vehicle ownership is a goal for many Nigerians, but it can be a costly one. The high upfront cost of a car, combined with the rising cost of fuel and maintenance, can make it difficult for people to afford to own a vehicle. However, a new partnership between VFD Bank and Autochek aims to make …
In keeping with its commitment to provide information to guide you through your financial decision-making process, nairaCompare has announced the addition of ARM Short Term Bond Fund (STBF) a new product to its pool of offerings. The ARM Short-Term Bond Fund (STBF) is an open-ended mutual fund that seeks to provide Investors with competitive returns …
As the Nigerian forex trading market continues to evolve, it is crucial for traders to prioritize safety and security while choosing a forex broker. With numerous offshore and potentially scam brokers lurking in the market, it becomes essential for Nigerian traders to trade only with regulated brokers that offer reliable services and protection for their …
As part of nairaCompare's commitment to empowering you with information to make sound financial decisions, we are thrilled to introduce a new product that will help you preserve capital and generate a steady income. We are excited to announce the addition of Aquila Asset Management Fixed Deposit Account to our lineup of offerings. The Fixed …
