John N. Bellows wrote in 1842 that lenders have just as much of an interest to sell to consumers as consumers have in purchasing on credit.

John N. Bellows, a Detroit classics teacher, wrote in 1842 that lenders have just as much of an interest to sell to consumers as consumers have in purchasing a service or product on credit.

The importance of traditional debt collection methods by the Courts cannot be underrated.

There have been numerous reports of arrest and prosecution of debtors for failure to settle their debts.

It is without doubt that in-house collection offers some advantages because it can move swiftly to recover small debts.

The Federal Competition and Consumer Protection Commission (the "FCCPC") has issued a public notice stipulating 5 January 2026 as the deadline for all digital lending operators...

Fostering effective credit administration in Nigeria to encourage proper credit management development was one of the reasons for the establishment of the General Assembly of Banks' Chief Executives (GABCE) in Nigeria.

From 2020, Nigeria experienced the heighten presence of digital lenders offering collateral free loans to members of the public. This was generally welcomed and qualified applicants...

The provision of consumer credit is an age-old phenomenon. However, the modes of extending credit to consumers are rapidly changing given the pace of technology and consumer

The rapid expansion of digital lending platforms in Nigeria has significantly improved access to short-term consumer credit.

Digital lending in Nigeria has revolutionized access to finance through mobile platforms offering instant unsecured loans, but this rapid growth has sparked intense debate over pricing practices and consumer protection. As regulators scrutinize high interest rates, hidden fees, and complex terms, lenders defend their models as necessary responses to elevated credit risk and operational costs. The central question remains: how can Nigeria balance innovation-driven financial inclusion with meaningful safeguar

The Credit Reporting Act ("the Act") was enacted on the 30th day of May 2017 with the primary objectives of promoting access to credit information and enhancing risk management in credit transactions.