Ghana is facing a silent financial emergency, and it is unfolding not in banking halls or trading floors, but on mobile phones --- quietly, ruthlessly, and largely unchecked .

- Loan sharks 'thrive' - Many of the loan apps' ease of access and swift processing create a trap, said Funmi Oderinde, a lawyer at Citizens' Gavel, a civil society organisation that has been pushing ...

It usually starts with an innocent effort to get out of a financial situation; but before they know it, young and not so young Nigerians find themselves neck-deep in unexpected debt due to inordinate ...

The Federal Competition and Consumer Protection Commission (FCCPC) has said President Bola Tinubu’s credit scheme will help to close the gap and reduce vulnerability of Nigerians to unethical digital ...

Remember, loan sharks are unlicensed money lenders who charge very high interest rates and sometimes use threats and violence to frighten people who can't repay their loans. The rise of loan sharks in ...

An increasing number of Nigerians have turned to personal loans following reforms by President Bola Tinubu - Copyright AFP/File Angela Weiss An increasing number of ...

Cash-strapped and in dire need of 30,000 naira (about $20), Mariam Ogundairo turned to a loan app, downloading it and registering her phone number. The money was quickly sent over but came with a 21.6 ...