★★★ SuperLoan app is a Nigerian smartphone lending service that offers convinient personal loan with credit limit up to ₦100,000 unsecured. An unsecured loan is a type of loan that does not require collateral or downpayment to obtain. It is usually short-term with very high interest rates. SuperLoan makes getting a personal loan simple by using the data on your phone including your information to verify your identity and create a credit score. Please do…
NiceNaira is a Nigerian digital loan app that provides short-term personal loans among other services. The Android-based app gives collateral-free loans starting from N3,000 to a maximum loan amount of N50,000 with minimal documentation. NiceNaira loan app has so far gained over 500k downloads on the Google play store with mixed reviews. It uses loan software to collect prospective customers’ information including phone records, banking transaction alerts, and BVN to build each borrower’s credit score.…
The Nigerian naira is undergoing a turbulent time and has been steadily losing value against the US dollar in recent years. Naira has fallen by over N190/$1 year to date from an average of N565/$1 recorded as of 31st December 2021, currently trading as high as N780/$1 and still rising. Furthermore, 10 million Nigerian naira in 2015 was about $55,600, which was quite impressive for an average Nigerian. That same amount left in a bank…
The Central Bank of Nigeria recently announced that it has redesigned the country’s 200, 500 and 1000 naira notes. The new notes will be released to the public on December 15, and Nigerians will have up till January 31, 2023 when the old notes will cease to be legal tender. This announcement has divided opinions among many Nigerians online. And for good reasons, this move is likely to have a positive effect on the country’s…
WeCredit loan app is a digital lending app that offers Nigerians micro and medium short-term personal loans starting from ₦3,000 to N500,000 in collateral-free loans with minimal documentation. The former app with the same name has been removed from the play store but a rebranded app with the same name is now live. Do not take an online loan to fund your lifestyle. Online loans can be useful in times of emergencies but can be…