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    NIGERIAN BANKS EXTEND N75.48TN CREDIT TO PRIVATE SECTOR AMID ECONOMIC GROWTH PROSPECTS

    NIGERIAN BANKS EXTEND N75.48TN CREDIT TO PRIVATE SECTOR AMID ECONOMIC GROWTH PROSPECTS The Central Bank of Nigeria (CBN) reported that as of July 2024, banks' credit to the private sector surged to ₦75.48 trillion, marking a 34% increase from the ₦56.46 trillion recorded in July 2023. This...
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    This Indian startup is building credit profiles for Africans using mobile money data

    “Assessing creditworthiness without a formal history is a major problem in financial services in Africa while social demographic data isn’t sufficient to make good credit decisions,” notes Eunice Gatama, Director for Africa Business at Yabx, one of the fintech driving alternative credit scoring...