Nigeria’s BNPL Market Emerges as New Source of Credit Data
Nigeria’s buy-now-pay-later (BNPL) market is increasingly moving beyond a payment option, with transaction and repayment data emerging as potentially valuable ...
Tag: Consumer Credit
UBA, Mikano Offer Nigerians 70% Vehicle Financing
United Bank for Africa Plc (UBA) has partnered with Mikano Motors to make it easier for Nigerians to buy new ...
High Interest Rates Push Nigeria’s Consumer Loans Down for the First Time in Six Years
Nigeria’s consumer credit fell in 2025 for the first time in six years as high interest rates discouraged many households ...
Nord Automobiles Targets Shift from Tokunbo with Single-Digit Financing
Nord Automobiles is targeting a major shift in Nigeria’s auto market with the rollout of a single-digit interest vehicle financing ...
MTN Nigeria Suspends Airtime, Data Credit Services Over FCCPC Regulation
MTN Nigeria has suspended its airtime and data credit advance service, known as Xtratime, to comply with the Federal Competition ...
Nigeria’s Credit Economy Progressing but Still at Early Stage, Says FintechNGR President
The President of the FinTech Association of Nigeria, Dr Stanley Jacob, has stated that the nation's credit economy is making ...
Nigerians Repay N1.33tn in Personal Loans as Consumer Credit Declines — CBN
Nigerians repaid about N1.33tn in personal loans within one year as outstanding household borrowing declined sharply between November 2024 and ...
Nigerians Repay ₦1.33tn Loans as Debt Drops
In a major shift toward household deleveraging, Nigerians repaid approximately ₦1.33tn in personal loans over a twelve-month period, driven by ...
Nigeria Eyes $1tn Goal Via Structural Reforms
In a major policy update shared on Wednesday, February 25, 2026, the Minister of State for Finance, Dr. Doris Uzoka-Anite, ...
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