• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Company News

Checkoff Finance to launch Mobile App, targets 100,000 customer base in 3 years

NM Partners by NM Partners
November 27, 2023
in Company News, Corporate Updates
Checkoff Finance to launch Mobile App, targets 100,000 customer base in 3 years
Share on FacebookShare on TwitterShare on Linkedin

The Board of Directors of Checkoff Finance Company Limited, a frontline Finance company, is poised to launch its Mobile App in December, eyeing a customer base of 100,000 individuals in the first three years.

According to the Managing Director of the company, Habila Musa-Luka, the app is set to be user-friendly as well as provide services ranging from Savings/Investments and loans.

Musa disclosed this at the Inaugural Annual General Meeting (AGM) of the CBN-approved Finance Company that was held on November 23rd, 2023, at Lagos Marriott Hotel, Ikeja, Lagos.

RelatedStories

Checkoff Finance

Checkoff Finance records rich returns as its financial year wraps up 

December 8, 2024

He said,

  • “We started with a loan book in 2021 of a region of about N800 million, but as of last week, the loan book is already over N1.6 billion.
  • “We set a target for 2022, 2023, 2024 and 2025, and we are aggressively pursuing those targets. In 2023, the target was about N2 billion and now we are currently about N1.6 billion, so we are not that far from the target.
  • “In 2024, we are looking at N3 billion loan book size, and N5 billion loan book size by 2025. In doing this, we have set in motion our apps that are going to be out at any moment. We have done the finishing touches. And that’s because we’ve seen that there are a lot of customers that want to be a part of us.
  • “We have people that want to save smaller amounts of money. It’s one of the reasons why our apps are going to be out for them in less than 2 weeks. With this app, we hope to build over a 100,000-customer base within the next 3 years.”

Furthermore, the Company’s loan portfolio currently stands at over N1.6 billion, showing significant growth from inception in 2021.

The customer base in the company also increased from 8,000 to over 12,000 individuals.

  • “Our investment management businesses increased their assets by 23% to almost N1.3 billion at the end of the year,” Musa added.

About Checkoff Finance

Checkoff Finance Company Ltd, established in 2021 as an evolution from Checkoff Credit, is a privately operated finance firm. The primary focus of the company has been extending unsecured loans to both public and private sector employees. Over time, they have expanded their offerings to encompass a range of value-added financial solutions.

 


Follow us for Breaking News and Market Intelligence.
Tags: Checkoff Finance Company Limited
NM Partners

NM Partners

"NM Partners" encompasses a diverse range of articles and content published on behalf of various organizations, including corporate entities, government and non-governmental institutions, academic bodies, and key stakeholders in the economic sphere. This content spectrum covers press releases, formal announcements, specialized content, product promotions, and a variety of corporate communications tailored to engage our readership. Notably, a portion of these articles are sponsored content. At Nairametrics, while we provide a platform for these diverse voices, it is important to clarify that our relationship with the content under "NM Partners" does not imply endorsement or affiliation. The responsibility for the content accuracy and viewpoints expressed rests solely with the respective contributors. Nairametrics maintains a firm commitment to editorial independence and integrity. Consequently, we do not assume responsibility for any of the content published under "NM Partners." For any inquiries, comments, or feedback regarding the content featured in this section, we encourage open communication and can be reached at info@nairametrics.com. Additionally, we invite our readers and contributors to familiarize themselves with our Paid Post Guidelines, which outline the standards and processes governing paid content on our platform.

Related Posts

Checkoff Finance
Companies

Checkoff Finance records rich returns as its financial year wraps up 

December 8, 2024
Next Post
NLNG

Nigeria needs to export higher LNG volumes to Germany - Expert

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Oyo Govt approves N63.4 billion to renovate Government House 
  • NDLEA to establish full-scale drug control operations at Benin Airport 
  • US, Federal High Court sign MOU to strengthen terrorism financing adjudication across Nigeria 

Follow us on social media:

Recent News

Oyo State to upgrade primary health centers to 24 hours medical centers

Oyo Govt approves N63.4 billion to renovate Government House 

June 18, 2025
NDLEA to establish full-scale drug control operations at Benin Airport 

NDLEA to establish full-scale drug control operations at Benin Airport 

June 18, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics