…Chairman of the Alliance for Economic Research and Ethics, Dele Oye, warned that some loan apps are charging annualised interest rates exceeding 300 per cent, trapping millions of financially vulnerable Nigerians in a worsening cycle of debt.Oye called on the Central Bank of Nigeria (CBN) and other financial regulators…

…with over 170 companies now licensed to operate Nigerians who borrow from unapproved loan apps risk harassment, hidden charges, data breaches, and difficulty reporting complaints to regulatorsFairMoney, Branch, Carbon, OKash, and PalmCredit are among the regulated platforms on the updated FCCPC listFind it fast with ou…