CREDIT

Vehicle ownership has been out of reach for many Nigerians due to high costs and limited financing options. Today, CREDICORP, in collaboration with Autochek, initiated a nationwide rollout of its second auto financing programme, delivering cars to a new wave of beneficiaries at a Handover Event in Abuja. This marks...

The Nigerian Consumer Credit Corporation (CREDICORP) has revealed that only three percent of Nigerian workers accessed formal consumer credit in the past year, exposing the significant gap in Nigeria’s credit system. Speaking in Abuja during the World Consumer Rights Day, Uzoma Nwagba, CEO of CREDICORP, noted: “For consumer credit to...

  President Bola Tinubu recently approved the takeoff of the first phase of the Consumer Credit Scheme.   According to a statement on Wednesday, the Consumer credit serves as the lifeblood of modern economies, enabling citizens to enhance their quality of life by accessing goods and services upfront, paying responsibly...

Data released by the Credit Bureau Association of Nigeria (CBAN) has revealed that fewer than 25 million Nigerians have enjoyed credit in the last decade even as the body has expressed concerns over the dwindling credit penetration for consumers in Nigeria. The Managing Director and Chief Executive Officer, CRC Credit...

  CRC Credit Bureau has launched its Data Submission Application Programming Interface (API) that enables institutions access and submit data on their credit customers online real time. According to the Bureau, this innovation, the first in the industry in Nigeria, is an automated medium that enables institutions provide CRC with...

CreditRegistry, a credit bureau, says it is offering lenders free usage of its premium credit reporting service to cushion the effects of COVID-19 pandemic on businesses. CreditRegistry, the Voice of Credit in Nigeria, is Nigeria’s largest and pioneer credit bureau operator serving members since 2003, disclosed it in a statement...

CRC Credit Bureauis says it is making lending easier for financial institutions who have automated their lending applications via an Application Program Interface (API), stressing that with CRC’s API, lenders and other credit granters can continue to grant loans and post-paid services via an automated process by accessing CRC’s robust...

  The Managing Director of CRC Credit Bureau Limited, Mr Tunde Popoola, on Wednesday called on commercial banks to give proportionate credit allocation to sectors contributing to the country’s Gross Domestic Profit (GDP). Popoola made the call at the Bimonthly forum of the Finance Correspondents’ Association of Nigeria (FICAN) in...

  The total credit from banks to the economy recorded a decline of N455bn from N15.58tn as of the end of the third quarter of last year to N15.1tn in the fourth quarter. This is contained in the banking sector report released by the National Bureau of Statistics on Tuesday....

  By our Correspondent The Central Bank of Nigeria (CBN) has revealed that credit to private sector has depreciated by 0.78 per cent to N22.44 trillion in March of 2018 from N22.6 trillion reported in February. The CBN in its Money and Credit Statistics report had disclosed N21.99 trillion credit...