My Financial News from Nigeria, Loans

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Nigeria , Sunday 31 May 2026

News Nigeria Loans: Online loan apps: List of crimes committed against Nigerians by Sokoloan, LCredit, others

Published on: Friday 11 March 2022
Online loan apps: List of crimes committed against Nigerians by Sokoloan, LCredit, others
News source: https://www.legit.ng/nigeria/1459842-online-loan-apps-list-crimes-committed-nigerians-by-sokoloan-lcredit-others/

After years of lamentations, the federal government has finally heard the cries of innocent Nigerians. Hence, the crackdown against loan sharks has commenced.

News Nigeria Loans: Nigeria’s consumer protection agency cracks down on digital loan firms

Published on: Friday 11 March 2022
Nigeria’s consumer protection agency cracks down on digital loan firms
News source: https://www.premiumtimesng.com/news/headlines/516749-nigerias-consumer-protection-agency-cracks-down-on-digital-loan-firms.html

The operation led by the commission's boss, Babatunde Irukera, was in response to several complaints of malpractices on the part of the lenders.

News Nigeria Loans: How loan apps debt recovery agents operate

Published on: Friday 11 March 2022
How loan apps debt recovery agents operate
News source: https://www.icirnigeria.org/how-loan-apps-debt-recovery-agents-operate/

DEBT recovery agents of loan apps in Nigeria have continued to shame defaulting borrowers against the nation's cyber laws, while the loan app companies charge borrowers high-interest rates.

News Nigeria Loans: Online Loan Apps: List of Two Actions FG Has Taken Against Sokoloan, NowCash, Others

Published on: Friday 11 March 2022
Online Loan Apps: List of Two Actions FG Has Taken Against Sokoloan, NowCash, Others
News source: https://www.legit.ng/nigeria/1459841-online-loan-apps-list-two-actions-fg-has-taken-against-sokoloan-nowcash-others/

The FG has finally commenced crackdown on online loan apps parading as lenders, According to the government, the loan companies have caused a lot of damages.

News Nigeria Loans: Nigeria Unveils Massive Pile of Rice Marking Production Progress

Published on: Tuesday 18 January 2022
News source: https://www.voanews.com/a/nigeria-unveils-massive-pile-of-rice-marking-production-progress-/6402059.html

The pyramid of rice bags stacked one on top of the other was unveiled Tuesday at the chapter office of the Nigerian Chamber of Commerce in Abuja ...

News Nigeria Loans: Africa Finance Corp takes tight pricing on $400m loan

Published on: Tuesday 18 January 2022
News source: https://www.globalcapital.com/article/29lop4vgnlk3fxn5qm4u8/syndicated-loans/emerging-market-loans/africa-finance-corp-takes-tight-pricing-on-400m-loan

Infrastructure investor Africa Finance Corporation paid a tighter price for its latest syndicated loan and also welcomed three new lenders. AFC raised $400m with a three year loan. The borrower, which ...

News Nigeria Loans: Major Reforms in Nigeria's Rice Production Paying Off

Published on: Tuesday 18 January 2022
News source: https://allafrica.com/view/group/main/main/id/00080873.html

President Muhammadu Buhari has unveiled a massive pyramid of rice harvested by farmers to pay back bank loans they borrowed to expand their production. The rice pyramids project is a collaboration of ...