Nigeria’s expanding consumer credit industry presents a promising opportunity for entrepreneurs to sell digital goods like airtime and data plans online. The country’s young demographics and increasing smartphone penetration are driving demand for internet services, and projections for consumer spending…
In Nigeria, the lending landscape is diverse, with various types of financial institutions and lenders catering to different needs. These include banks, microfinance institutions, fintech lenders, and peer-to-peer (P2P) lending platforms. 1. Banks: Traditional financial institutions that offer various types…
Nigeria’s expanding consumer lending industry offers various opportunities for businesses, including banks, microfinance institutions, fintechs, and peer-to-peer (P2P) lending platforms. The consumer lending market in Nigeria is projected to reach a volume of US$78.6m in 2023. Fintech companies and various…