Lagos, Nigeria – March 20, 2024 – In a strategic move poised to reshape the financial landscape for Nigeria's dynamic small business sector, nairaCompare, the nation's leading digital financial marketplace, has forged a game-changing partnership with the Association of Small Businesses of Nigeria (ASBON). This collaboration brings together nairaCompare's cutting-edge fintech solutions and ASBON's extensive …
Struggling to find the right loan? We hear you! That's why we're excited to announce that you can now apply for Renmoney products on nairaCompare! Here's the best part: Renmoney offers loans and savings in all 36 states of Nigeria! This means you can now compare their loans and savings options with other lenders on …
The Nigeria Interbank Settlement System (NIBSS) recently issued a directive that could have a significant impact on how you use financial technology (Fintech) platforms in Nigeria. This article aims to simplify the directive and explain its potential implications for you. What is the new directive about? The directive prohibits Nigerian banks from allowing certain Fintech …
The Implications of the New NIBSS Directive: Is Your Money Safe?
As part of nairaCompare's commitment to empowering Nigerians with the information and tools they need to succeed, we are thrilled to announce the addition of 4 new savings products from the Alternative Bank on our platform! These offerings are designed to cater to various financial needs, providing you with diverse options to grow your funds …
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 …
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 …
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
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 …
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 …
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 …
