Central Bank of Kenya

A secured loan requires collateral, while an unsecured loan does not. Learn how both types of loans work, their key differences, risks, and what borrowers should consider before choosing one.

BNPL and traditional personal loans offer borrowers different ways to access credit. This article compares how both options work, their key differences, and what borrowers should consider when choosing between them.

Operating a lending business in Nigeria requires more than capital and customers, it also requires compliance with the country’s regulatory framework. From licensing and consumer protection to data privacy and credit reporting, several regulators play important roles in overseeing lending activities. Understanding who these regulators are and what they require can help lenders avoid penalties, build trust with borrowers, and operate sustainably in an increasingly regulated financial ecosystem.