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Monthly Archives April 2021

How big is the addressable market for consumer loans in Nigeria?

Nigeria’s 200 million-strong population is often the ultimate proof that the giant of Africa has a large market for just about anything. The belief is that as long as you make anything, you can sell it here. But our economic realities have helped us adjust those mythic expectations and what we now talk a lot […]

Posted 29 April 2021 † dejiolowe § Piscalux ‡ Comments (1) °

Lenders battle against fraudsters; a case for an industry blacklist

In Kenya, an estimated 3.2 million people – 6% of the population – have been blacklisted on Kenya’s TransUnion credit reference bureau for non-repayment of digital credit loans. Being placed on a blacklist like this means that you won’t take loans from any other lender. It would also mean that you will be ineligible for […]

Posted 21 April 2021 † dejiolowe § Piscalux ‡ Comments (0) °

Why Nigerian banks will never win the consumer credit game

Consumer lending is basically loans to  individuals, like me and you, to purchase goods and services. Of the forms of consumer lending, credit cards are perhaps the most popular.  Yet, if you’re a Nigerian reading this, that last sentence is not very relatable, mostly because not only is consumer lending uncommon in Nigeria, credit card […]

Posted 14 April 2021 † dejiolowe § Piscalux ‡ Comments (1) °