Archives Tag: Credit
How to Secure Credit from the Nigerian Consumer Credit Corporation
April 19, 2022
The Federal Government has approved the commencement of the first stage of the Consumer Credit Scheme, managed by the Nigerian Consumer Credit Corporation (CreditCorp). This scheme is designed to make consumer credit available to Nigerians, who could use this form of financing to purchase goods and services. In this article, we will provide some … Continue reading How to Secure Credit from the Nigerian Consumer Credit Corporation
Pivo Africa, Provides Credit To African Supply Chain Chain Business
April 19, 2022
Access to credit is still one of the biggest challenges facing SMEs especially supply chain businesses. Most supply chain businesses usually have a short time to execute a contract and may require funds to do so. Acquiring credit from traditional banks takes time due to excessive red tape and numerous requirements. Therefore, supply chain businesses … Continue reading Pivo Africa, Provides Credit To African Supply Chain Chain Business
Top 10 Digital Lending Companies In Nigeria
April 19, 2022
There’s a high demand for credit in Nigeria. Individuals and businesses numbering in the millions want loans that’ll help them finance their lifestyles and operations. But traditional lenders—such as commercial, microfinance, and mortgage banks –aren’t able to meet everyone’s needs in this domain. Read more about FinTech Digital lending companies have arisen to plug … Continue reading Top 10 Digital Lending Companies In Nigeria
Business Growth Tips: How To Get Lines Of Credit From Your Supplier
April 19, 2022
Businesses do not always have enough funds to restock their inventory. Sometimes this happens because there’s a backlog of customer payments that haven’t come in yet. They have to find a way to keep things going for the duration of the cash squeeze. Read more about Business growth tips One way businesses choose to … Continue reading Business Growth Tips: How To Get Lines Of Credit From Your Supplier
How to Know if Your Business Can Pay its Debts
April 19, 2022
Can your business repay its debts? This question comes up when business people are considering getting a loan, or evaluating their current financial situation. If you have a ready answer to it, plus the details that support your conclusion, you’ll be able to decide if it’s right to borrow or get supplies on credit. It … Continue reading How to Know if Your Business Can Pay its Debts
Should You Get a Bank Loan for Your Business?
April 19, 2022
Maybe you’re a risk averse, debt loathing entrepreneur. Or you could be a businessperson who isn’t troubled about taking out a big loan. Whichever of these descriptions you identify with, you’ve probably considered getting funding for your business from a lender of some sort, whether they’re formal or informal. Banks are the traditional formal lenders … Continue reading Should You Get a Bank Loan for Your Business?
Chat with Leo: UBA Chat Banking Bot Now Available on Messenger and WhatsApp
April 19, 2022
“Hi, I’m LEO an artificial intelligence personality bringing banking through a simple conversation.” Honestly, if your favourite bank isn’t offering chatbots yet, then maybe open a new account with one that does. We first saw ‘Ada’ from Diamond Bank, and now we have ‘Leo’ by UBA. And just like we saw in Leo’s brief introduction … Continue reading Chat with Leo: UBA Chat Banking Bot Now Available on Messenger and WhatsApp
Top 5 Nigerian Fintech Apps
April 19, 2022
Fintech is a term used to classify all computer programs and technology that support and facilitate banking and financial services. Because of the ease and comfort they provide, as opposed to the traditional methods of banking, fintech services have become more endearing to Nigerians in recent times. The demand for fintech services can only grow at this point, as … Continue reading Top 5 Nigerian Fintech Apps
Tip of the Day: How to Use MTN Share ’N’ Sell to Transfer Credit
April 19, 2022
Airtime transfer was introduced a few years ago and has grown to be very useful to mobile subscribers. However, with all those many short codes and numbers powering different network services, it’s easy to forget just what code does what and what number to send to. So, we’ll be covering how to use MTN Share … Continue reading Tip of the Day: How to Use MTN Share ’N’ Sell to Transfer Credit
CBN Prohibits Loan Defaulters From Getting Further Credit
April 19, 2022
A circular has been issued to all deposit banks, development finance institutions and the Asset Management Corporation of Nigeria by the Central Bank of Nigeria, prohibiting them from granting credit facilities to loan defaulters. It stated, “The Central Bank of Nigeria (CBN) has noted with concern the impunity with which some borrowers default on … Continue reading CBN Prohibits Loan Defaulters From Getting Further Credit
By mary-odunuga
