Category Archives: Piscalux

Is regulatory license repurposing the engine of the fintech revolution in Nigeria?

By Adedeji Olowe and Ifunanya Ezeani Either with technology or vanilla traditional finance, operating within the finance space in Nigeria, as in every country, is heavily regulated. Providing financial services without a license can be a criminal offense for some and definitely attracts heavy sanctions for all. It’s pretty simple — playing with someone’s money is […]

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 […]

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 […]

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 […]

Nigeria’s problems will be solved by access to credit

Access to credit has historically been difficult in Nigeria. This is because, for years, big banks were the sole providers of financial services and those banks didn’t care too much for retail banking.  Between thinking about the risk profile of individuals and smaller business players and the absence of real disincentives against failing to repay […]