Competition Commission of Zimbabwe

Over the past week, we at Lendsqr have watched a sustained wave of attacks on Nigerian financial institutions. Several banks, fintechs and lenders are being targeted at the same time, and the patterns are consistent enough that we think they are worth acting on now. On 6 November, we sent a security advisory to security […]

SMS and mobile app data can help lenders assess borrowers, but using this information comes with responsibilities. This guide explores how lenders can use alternative data for consumer scoring while protecting customer privacy, obtaining proper consent, ensuring data security and maintaining fair lending practices.

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.