NIGERIAN REGULATORS APPROVE 18 NEW LOAN COMPANIES

The number of licensed loan app companies in Nigeria has increased to 284 as of May 2024, following approval from the Federal Competition and Consumer Protection Commission (FCCPC) and the Central Bank of Nigeria (CBN).

LOAN APPS: APPROVED DIGITAL LENDERS IN NIGERIA SWELL TO 320 IN SEPTEMBER AS DEMANDS FOR CREDITS SURGE

The number of companies approved to provide loans to Nigerians through digital platforms popularly known as loan apps has jumped to 320 this September from 284 in May.

LENDING APPS SURGE 80% AS PERSONAL LOANS HIT N7.5TRN

The number of approved digital lenders in the country has surged by 79.77 percent since April 2023, reflecting the rising credit appetite among Nigerians.