Behind the promises of easy loans and quick cash lies a hidden market no one talks about, one...
Nairametrics took a look at 10 of the most downloaded loan apps in Nigeria per Google Play Store data and the interest rates they offer, here is what we found:
Loan apps or digital money lenders, as the companies behind them are known, have become essential in Nigeria's informal economy by offering quick and accessible loans.
The FCCPC, Babatunde Irukera, said that the Commission was shocked by the number of digital money lenders (loan apps) in Nigeria.
Umba allows users to apply, drawdown, and repay loans directly from their smartphone or desktop computer
