…businesses, particularly enterprises that may find it difficult to obtain conventional business loans. Unlike a loan, the N50,000 support does not attract interest or require repayment, provided beneficiaries meet the conditions attached to the programme. The agency said the initiative is also aimed at encouraging entr…

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…interventions, food-distribution efforts, student-loan promises, MSME support schemes, business loans and other social-intervention packages. Yet for most citizens, the measures were either too small, too delayed or too poorly coordinated to make a meaningful difference. In practice, they barely dented mass suffering.…

…in payments in 2025, it said it also financed more than ₦1 trillion ($724.15 million) in business loans and built a deposit portfolio. The CBN’s microfinance guidelines make clear that fintechs are not simply being allowed to collect deposits. They are expected to deploy them. The regulator recommends that savings depo…

…for example, uses transaction data from merchants on its platform to underwrite business loans. In 2025, the company said it disbursed more than ?1 trillion ($721.2 million) in credit, relying on transaction histories to assess risk and maintain low default rates. For M-KOPA, the smartphone is the first loan. Every rep…