As Nigerian fintechs continue to position alternative investment platforms as the solution to a growing credit deficit and poor access to finance, who manages the risks associated with these platforms? Michael Famoroti, Partner at Stears joins CNBC Africa for more.
One of the challenges facing women in Africa and Nigeria is the access to capital whether they require it to start a business or invest in informal trades. Financial inclusion can be defined as access to valuable financial products and services, (transactions, savings, credit and insurance) by individuals and enterprises.
Diamond Bank says the real buy-side of Nigeria’s retail credit lies in its quality numbers as about 20 percent of the country’s predominantly young population have Bank Verification Numbers and are expected to remain economically active for another 20 years.
Global Credit rating recently assigned a BB rating with a Stable outlook to One Finance, which is the parent company to Nigeria's financial services platform Paylater. Ngozi Dozie, Co-Founder of One Finance joins CNBC Africa to discuss this development.