Tag
DIGITAL LENDING
OPay Limited has reported revenue of $467.06 million in the first half of 2026, up 136.5% from $197.48 million a year earlier, while profit after tax more than quadrupled to $90.87 million from $21.71 million.
Lagos-based Regxta Global Services Limited has disbursed more than ₦10 billion in loans to individuals and micro-business owners...
Moniepoint says Nigerian lenders should assess businesses based on how they earn and move money rather than the collateral they can pledge, as formal credit use among Nigerian adults increased to 10% in 2026 from 6% in 2023.
The Central Bank of Nigeria (CBN) has raised questions over the growing use of “pay small small” schemes by non-bank businesses to offer credit to customers.
The digital lending space in Nigeria is attracting more players by the day, leading to a steady increase in the number of loan app companies approved by the Federal Competition and Consumer Protection Commission (FCCPC) and the Central Bank of Nigeria (CBN).
Access Bank's digital lending revenue has increased from N1 billion in the first half of 2019 to N5...
Digital lending has become a source of hope for many SMEs and should be encouraged.