Digital lenders jump 40% as IMF flags default risks

IMF sees Nigeria growing at 4.4 percent in 2026 as reforms support economy

The number of companies approved to operate in Nigeria’s digital lending space has risen to 436 as of July 2025, a 40.2 percent increase from the 311 recorded in September 2024. These lenders include firms granted operational licenses by the Central Bank of Nigeria (CBN) and others approved by

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