Currently, the demand for online loans is increasing, leading to the emergence of many quick loan applications. However, along with convenience come potential risks from non-transparent or illegal ...

Life is unpredictable. Quite often, there are difficult situations when you urgently need money, and it is good if there is always an opportunity to get it. Under such conditions, life is much more ...

A frustrated young Nigerian scrolling through her phone — symbolising how digital loan apps prey on vulnerable borrowers amid rising inflation. [Getty Images/Stock Photo] With Nigeria’s economic ...

Compare Moniepoint and Carbon loans in Nigeria. See interest rates, eligibility, speed, and which loan app offers better value for your needs. If you’re looking for a loan in Nigeria, chances are ...

Mariam Ogundairo's experience highlights a common issue: predatory loan apps. She borrowed ₦30,000 (about twenty dollars) and was charged 21.6% interest, due in two weeks. When she couldn't repay the ...

Cash-strapped and in dire need of 30 000 naira (about $20), Mariam Ogundairo turned to a loan app, downloading it and registering her phone number. The money was quickly sent over but came with a 21.6 ...

In Nigeria’s fast-growing digital lending space, trust is everything. With dozens of loan apps flooding the market, many users have fallen victim to unlicensed platforms that exploit borrowers with ...

Since the beginning of 2023, ESET researchers have observed an alarming growth of deceptive Android loan apps, which present themselves as legitimate personal loan services, promising quick and easy ...

An increasing number of Nigerians have turned to personal loans following reforms by President Bola Tinubu - Copyright AFP/File Angela Weiss An increasing number of ...

Like many in Nigeria, battered by inflation, Ogundairo was too broke to pay back what she owed. Then came a deluge of harassment -- a tactic that has become the hallmark of many loan apps in Africa's ...