As an entrepreneur, nothing beats finding a single platform that brings together all the essential tools you need to effortlessly run your business. That’s exactly what Moniepoint Microfinance Bank offers. Moniepoint Microfinance Bank is a leading financial institution that has gained significant recognition for its all-in-one platform catering to the requirements of businesses. It offers …
Loan apps in Nigeria provide a quick and convenient way for individuals to access loans, sometimes with low interest. Easy and fast to access, loan apps allow you to apply for and receive funds within a short period, often within minutes or hours. This is unlike traditional banks that require a lengthy application process and …
If you find yourself in a financial bind, a payday loan might just be the lifebuoy you need! A payday loan is a type of short-term loan that is due on the borrower's next payday. The loan is usually for a small amount and is intended to help cover unexpected expenses or provide extra cash …
It is almost impossible to get a loan without BVN in Nigeria. This is mostly because financial institutions consider individuals without BVNs a flight risk. In February 2014, the Central Bank of Nigeria (CBN), in collaboration with the Bankers' Committee, launched the BVN project. The aim of the project was to capture the biometrics of …
Before you download that mobile app and apply for that loan, you need to know that some loan apps are banned in Nigeria. In 2022, the National Data Protection Bureau (NDPB), working with the Central Bank of Nigeria (CBN), and other agencies of government, investigated the activities of online financial loan companies. Some of those …
You may be in need of urgent cash and have filled out that loan application, but what do you do when rejected? A loan is a form of debt incurred by an individual or other entity. The lender, usually a financial institution, or government, advances a sum of money to you, the borrower. In return, …
AfriGo: All You Need to Know About CBN’s Domestic Card Scheme. In an effort to strengthen the national payments system, the Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-bank Settlement System (NIBSS) has launched AfriGo, a new payment system. The first domestic card scheme in Africa, the CBN Governor, Godwin Emefiele, formally …
AfriGo: All You Need to Know About CBN’s Domestic Card Scheme.
It’s the end of the year meaning, as we settle into the new year, there are bills waiting to be paid. As a salary earner, having decided to go for a credit facility, you need to compare payday loan products. See how to easily compare two common payday loan products to meet your need. Payday loans …
With more fintech being set up, instant loan providers in Nigeria have made access to credit available to a wider audience. Here are the top 10 instant loan providers in Nigeria. With super-fast approvals, longer loan tenures, and a seamless application process, instant loans have become an attractive mode of borrowing. Just like personal and …
Before taking a holiday loan, how confident are you that it is the right thing to do? It is the yuletide season and sometimes, folks are overwhelmed with expenditure. While giving is one of the tenets of the holiday, other expenditures tend to crop up. From having to go on a family trip, to hosting …
The yuletide is truly upon us, and you may want to consider using payday loans for holiday shopping. That is if you are cash-strapped and don’t want to miss out on the fun. Giving gifts to your friends and family can be a great way to show that you care about them but buying gifts …
What It Really Costs to Use Payday Loans for Holiday Shopping
As a way of further controlling the amount of cash in circulation, the Central Bank of Nigeria, CBN, recently imposed ATM withdrawal limits on bank customers. The new regulation, according to the apex bank, will not only maintain cash reserves, but it will also provide customer security. Recently, the CBN redesigned the country’s currencies in …
