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 ...

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 ...

- 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 ...