Close

Loans In Lagos

See More

Bank Loans In Nigeria

See More

Credit Reports In Nigeria

See More

Recent Posts

How to read and analyze your credit report from CRC Credit Bureau Limited

It could be a bit difficult to understand your credit report especially if you are seeing it for the first time. Many numbers and text all processed into the information about how you have fared over the years and are currently faring with paying back all the debts you owe across all ...
Read More

FIRST CENTRAL CREDIT BUREAU LIMITED

The company was incorporated as XDS Solutions Limited in May, 2005 with RC. No 623894 and having satisfied the conditions for the grant of a credit bureau license under the Central Bank of Nigeria Act, No. 7 of 2007, was granted final operating license on the 28th of May 2009 ...
Read More

CREDIT BUREAU ASSOCIATION OF NIGERIA

Credit Bureau of Nigeria (CBAN) is an incorporated not-for-profit and non-governmental business management organization formed to promote a credit reporting culture towards the expansion of Nigeria’s economy through its values. Members of the association are the licensed private credit bureaus, particularly, these are: XDS Credit Bureau/First Central Credit Bureau CRC ...
Read More

CRC CREDIT BUREAU LIMITED

It is a private limited liability company duly incorporated and licensed under the laws of the Federal Republic of Nigeria was established by a consortium of Eleven (11) leading Financial Institutions and Dun & Bradstreet with the purpose of delivering credit bureau services in Nigeria. CRC Credit Bureau Limited provides a ...
Read More

Things You Need To Know About Credit Bureaus in Nigeria

A formal recognition of Credit Bureaus started in Nigeria in 2008 when the Central Bank of Nigeria (CBN) issued guidelines officially on their licensing and operations. Three Credit Bureaus were licensed in 2008: CRC Credit Bureau Limited, CR Services Credit Bureau Plc and XDS Credit Bureau Limited, also Known as ...
Read More

The CREDIT REPORTING ACT 2017

Before this Act, the credit bureau industry started as a regulated industry with the release of the Guidelines for the Licensing, Operation and Regulation of credit bureaus, released and became effective in 2008, revised in 2013. The bill for the Credit Reporting Act was: Sponsored by the Chairman of the ...
Read More

BANK LOANS IN NIGERIA

A bank loan is a form of credit which is extended for a specified period of time, usually on fixed-interest terms related to the base rate of interest, with the principal being repaid either on a regular installment basis or in full on the appointed redemption date. Depending upon the ...
Read More

ISLAMIC FINANCE NIGERIA

Islamic finance encompasses a broad range of financial products that are structured in compliance with Islamic law (Shariah). There are, however, diverging views amongst scholars and Ulama on the type of transactions that are permissible as Shariah compliant. Islamic finance in Nigeria is provided by a few niche lenders. Principles ...
Read More

Credit reports in Nigeria

Credit reports in Nigeria still have a way to go to match the efficiency of those in developed nations. The reports play an active role in lending to people with less access to banking activities, such as the unbanked or underbanked or in situations where borrowers do not have good credit ...
Read More

Benefits of Credit Bureau Systems

Any economy, especially a developing economy, requires credible and stable Data Credit Reporting Systems to encourage businesses, lenders and providers of services to more willingly extend Credit and Services to Consumers. This is especially with reoccurring financial crisis, lack of collateral and the erosion of capital in the global world ...
Read More

Tips to get business loans in Nigeria

A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. There are a number of different types of business loans in Nigeria including machine financing, asset-based financing, invoice financing, microloans, business ...
Read More

What it takes to secure agriculture loans in Nigeria

Agricultural development has been a matter of serious concern to the Nigerian government. The need to augment the country’s domestic products through agriculture thus cannot be overemphasized. Many countries in the world have developed their economy to enviable degrees by cultivating lands and monetizing the products. This puts a challenge ...
Read More

HOW TO FIND AGRICULTURE LOANS IN NIGERIA

Agriculture loans in Nigeria are loans meant for a wide range of agricultural and farming purposes. Farmers are supposed to apply for loans to buy supplies for the cultivation of food grain crops along with other purposes such as horticulture, animal husbandry, aquaculture, and floriculture and sericulture businesses. Others purchases ...
Read More

HOW TO ACCESS BANK OF AGRICULTURE LOANS

Bank of Agriculture (BOA) Limited is Nigeria’s premier Agricultural and Rural Development Finance Institution. 100% wholly owned by the Federal Government of Nigeria. The ownership structure is: – Central Bank of Nigeria (CBN) 40% Federal Ministry of Finance Incorporated 60%. Bank of Agriculture Limited is being supervised by Federal Ministry ...
Read More

Agricultural Grants in Nigeria

Agriculture has been identified as the largest employer of labor in Africa, particularly Nigeria. A lot of analysts called this sector a gold mine, waiting to be fully explored. The available land for farming activities in Nigeria is simply overwhelming. A recent report revealed that Nigeria has about 84 million ...
Read More

Top 5 Commercial Banks that Nigerians SMEs can borrow loans from

First Bank First Bank has been in operation for centuries (it was established in 1894) and has since engaged in several dealings both on the local and global front. While there may be a perception that First Bank doesn’t have time to pursue potential clients, they offer lots of benefits for SMEs. There ...
Read More