The Hidden Cost of Rollover Loans from Nigerian Finance Firms: Why You Could Be Paying Forever

The Hidden Cost of Rollover Loans from Nigerian Finance Firms: Why You Could Be Paying Forever

Introduction Imagine borrowing ₦50,000 to tide you over for a month in Nigeria—or USD 200 in the U.S. You pay back only the interest when due. Days later, you’re asked to…

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Shocking Truth Revealed: How Do Finance Companies in Nigeria Use Your BVN and Bank Data to Make Lending Decisions?

BVN: Shocking Truth Revealed: How Do Finance Companies in Nigeria Use Your BVN and Bank Data to Make Lending Decisions?

Introduction   Why Your Bank Statement Says More Than You Think In Nigeria’s fast-evolving fintech landscape, your Bank Verification Number (BVN) and personal banking data are the new credit score. If…

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