Author: Abraham Adebisi

Car prices in Nigeria are skyrocketing, but that doesn’t mean you should delay getting a reliable, brand-new vehicle. With First Bank Car Loan, you can own a brand-new car today. You can spread the payment over up to 48 months and there’s no need to empty your savings. This isn’t a hire-purchase. It’s full ownership from day one. Whether you’re commuting to work, managing a growing family, or tired of rising transport costs, FirstBank’s automobile loan provides the freedom to drive now. You can pay on a monthly basis. It offers flexible terms, competitive interest, and trusted dealer partnerships. Key…

Have you ever wondered how some loan apps in Nigeria seem incredibly fast? Why they appeared convenient and hassle-free, at least at first glance? LendSafe loan app often exemplifies this. It markets itself as a quick way to get small personal loans without collateral or long paperwork. I created this guide to help you understand how the app functions. Additionally, I want you to be aware of the serious risks many users have faced. You might just want to understand the mechanics or you might be considering using it one day. I have laid out everything with precise data and…

Looking for the best loan apps in Nigeria 2025 to quickly sort out urgent financial needs? You may be a student short on cash. Perhaps you’re a small business owner needing capital. You might also be simply dealing with unexpected expenses. Knowing which loan apps are trustworthy in 2025 can save you time, money, and stress. So, how do you choose the best loan apps in Nigeria 2025? Which ones offer the best terms, fastest disbursement, and easiest approval process? This in-depth guide answers all of that and more. I break down the most reliable mobile loan apps available right…

In January 2023, the Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System (NIBSS) launched AfriGo, the nation’s first domestic card scheme, marking a pivotal shift in the Nigerian payment ecosystem. As Nigeria strives for financial independence and inclusion, AfriGo is strategically designed to reduce the nation’s dependency on foreign payment platforms like Visa and Mastercard, lower transaction costs, and enhance data sovereignty. Introduction to AfriGo and AfriGo Card AfriGo is Nigeria’s National Domestic Card Scheme aimed at providing a secure, cost-effective, and inclusive payment option for Nigerians. Unlike global alternatives, AfriGo is designed exclusively for local transactions,…

When considering a loan whether it’s for a car, a home, your business, or a personal expense, you should evaluate the loan term. It is one of the most important factors. It determines how long you’ll be repaying the loan. Many borrowers focus on the monthly payment, but what truly matters in the long run is how loan terms impact the total cost of credit. Key Takeaways How Do Loan Terms Affect the Cost of Credit? Loan terms directly influence the total amount you pay to borrow money. Shorter loan terms usually have higher monthly payments, but they significantly reduce…

Microinsurance is transforming the way low-income individuals and vulnerable populations protect themselves against financial shocks. In many parts of the world, traditional insurance is simply too expensive. It is often too complex or too inaccessible for the people who need it most. Microinsurance steps into this gap with simpler insurance products. These products are cheaper and more flexible. They are designed to provide a safety net for everyday risks. In this comprehensive guide, we explore the world of microinsurance in depth. We cover how it works and who it serves. We also discuss its benefits and drawbacks. Additionally, we examine…

Ever checked your loan account and wondered, “Why the heck is my loan balance higher than before, even though I’ve made payments?” You’re not alone. Many borrowers are shocked to discover their debt growing over time, and it’s not always obvious why. If you’ve ever asked yourself what increases your total loan balance, this article breaks it all down in plain English. Let’s dive into all the hidden culprits that might be silently inflating your debt. Key Takeaways What Is Total Loan Balance? Your total loan balance is the entire amount you owe on a loan at a given time.…

If you want to receive payments in dollars, euros, or pounds while living in Nigeria, you need a domiciliary account. Let’s break it down. In today’s global economy, having access to foreign currencies like US dollars, British pounds, and euros is essential. It’s more than just a financial advantage. It’s a necessity for many Nigerians. Whether you’re a freelancer, digital nomad, or international student, a domiciliary account in Nigeria is beneficial. It also helps if you receive remittances from abroad. The account gives you the freedom to receive and save foreign currencies directly. This comprehensive 2025 guide will walk you…