Business

Full List Of Approved Loan Apps In Nigeria

Published

2 years ago

April 4, 2023

No fewer than 173 digital lending applications have been approved to operate in Nigeria by the Federal Competition and Consumer Protection Commission.

The PUNCH reports that of the 173 loan apps, only 119 have full approvals while 54 currently have conditional approvals while it bars illegal online bank

Operations of illegal lending apps led to the intervention of the FCCPC’s approval of lending apps legally permitted to operate across the country.

Many have been faced with loan sharks, harrasment and disgrace from family and friends and provided a guideline on what to do when loan sharks harass you.

FCCPC disclosed on its website that “In furtherance to the investigation by Inter-Agency on Joint Task Force on the Digital Lending Apps, the registration of the Apps to the Limited Interim Regulatory Framework and Guidelines for Digital Lending 2022 had commenced. Please find attached the list of the companies/Digital Lending Apps for the Commission’s Website.”

Below are the names of approved loan apps legally permitted to operate in Nigeria:

FULLY APPROVED

1. SYCAMORE INTEGRATED SOLUTIONS LIMITED
2. TRADE DEPOT
3. TAJOW INVESTMENT
4. BLUE RIDGE MICROFINANCE BANK LIMITED
5. GROLATECH CREDIT LIMITED
6. BRANCH INTERNATIONAL FINANCIAL SERVICES LIMITED
7. P2VEST TECHNOLOGY LIMITED
8. CREDITWAVE FINANCE LIMITED
9. KEENEST TECH SERVICE LIMITED
10. FAIRMONEY MICRO FINANCE BANK

11. ALTRACRED FINANCE INVESTMENT LIMITED
12. CREVANCE CREDIT LIMITED
13. MENACRED COMPANY LIMITED
14. AFROWIDE DEVELOPMENT LTD
15. RED PLANET NIGERIA LIMITED
16. AFROFIRST MOBILE AND TECHNOLOGY COMPANY LIMITED
17. RANKCAPITAL LIMITED
18. IBS GOLDEN INVESTMENT COMPANY LIMITED
19. LENDVISERY SERVICES LIMITED
20. RENMONEY MICROFINANCE BANK LIMITED

21. SWIPEBILL TECHNOLOGIES NIGERIA LIMITED
22. HOMETOWN FINTECH LIMITED
23. GIASUN TECHNOLOGY NIGERIA LIMITED
24. BE RESOURCES LIMITED
25. ROCKIT LENDERS NIGERIA LIMITED
26. PIVO TECHNOLOGY LIMIED
27. YES CREDIT COMPANY LIMITED
28. IRORUN TECHNOLOGIES LIMITED
29. CSENSE LIMITED
30. SUPREME HELP COOPERATIVE SOCIETY LIMITED
31. ORCOM AND ORCOM BUSSINESS SUPORT LIMITED

32. PAYHIPPO LIMITED.
33. EASYCHECK FINANCE INVESTMENT LIMITED
34. QUARK FINANCIAL NIGERIA LIMITED
35. EDMOND SOLUTIONS COMPANY LIMITED
36. TED ROCKET LIMITED
37. PENAID LIMITED
38. ARVE LIMITED
39. DOVER CREDIT LIMITED
40. RAGEKAY GLOBAL INVESTMENT LIMITED
41. MAYWOOD LENDING LIMITED

42. LINKPARK TECHNOLOGY NIGERIA LIMITED
43. MANGNET LENDING LIMITED
44. RUBYSTAR GLOBAL LIMITED
45. BESTFIN NIGERIA LIMITED
46. FUBRI CENTURY COMPANY LIMITED
47. BERLY SPRING GLOBAL LIMITED
48. ROCK FINANCIALS LIMITED
49. PHOENIX PAYMENT SOLUTION LIMITED
50. VALUE DRIVER TECHNOLOGY SOLUTION LIMITED
51. NEXTPAYDAY LIMITED

52. BLACKCOPPER SERVICE LIMITED
53. TRAFALGAR ASSOCIATE LIMITED
54. WINDVILLE FINANCIAL NIGERIA LIMITED
55. ORANGE LOAN & PURPLE CREDIT LIMITED
56. CARBON MICROFINANCE BANK LIMITED
57. NEO-LINK TECHNOLOGY COMPANY LIMITED
58. FINNEW FINTECH LIMITED
59. OTP INTERNET TECHNOLOGY LIMITED
60. RED HARBOR FINTECH LIMITED
61. PAYLATER HUB LIMITED

62. SKITLOAN NIGERIA LIMITED
63. RACEOVA NIG. LIMITED
64. NEW CREDAGE NIGERIA LIMITED
65. BETTERLENDING COMPANY LIMITED
66. FAST-POINT INTERGRATED LIMITED
67. APEX LENDING LIMITED
68. PISKA TECH NIGERIA LIMITED
69. PRINCEP CREDIT SYSTEM LIMITED
70. OMALEND SERVICE LIMITED
71. POCKFUL FINANCE LIMITED

72. HIGHCREDIT NIGERIA LIMITED
73. HOLLANDALE NIGERIA LIMITED
74. PAY FINANCIAL TECHNOLOGY SERVICE LIMITED
75. A1 CAPITAL SOLUTION LIMITED
76. NEWEDGE FINANCE LIMITED
77. PAPICHOU TECHNOLOGY LIMITED
78. GOHARVEST INTERNATIONAL LIMITED
79. MINO SPARKS LIMITED
80. XGO FINANCE LIMITED
81. PRIMERA MICROFINANCE
BANK

82. CREDIT TECH LENDING COMPANY
83. PROSPERITY ARCHIPELAGO LIMITED
84. FINESEST LIMITED
85. SINGULARITY TECHNOLOGY NIGERIA LTD
86. ECON MART FINTECH LIMITED
87. PENNEE TECHNOLOGIES LIMITED
88. OXYMON SOLUTION LIMITED
89. LANTANA TECHNOLOGY LIMITED
90. APPLINK CAPITAL NIGERIA LIMITED
91. YEGON TECH LIMITED

92. FEZOTECH NIGERIA LIMITED
93. ERIC VSTA LIMITED
94. MOBLASPAY COMPANY LIMITED
95. PAYCREDIT LIMITED
96. NIZ SERVICES LIMITED
97. MINO SPARKS LIMITED
98. FLO WOOD LENDING
99. LIBERTY ASSURED LIMITED
100. UNI TECHNOLOGY NIGERIA LTD
101. TRADE LENDA COM LIMITED

102. CREDITVILLE MICROFINANCE BANK LTD
103. LETSHEGO MICROFINANCE BANK LTD
104. KIOWOPE CAPITAL LIMITED
105. VEENDHQ LIMITED
106. UCPLUS ADVANCE LIMITED
107. MAVEN FINANCE LIMITED
108. AELLA FINANCIAL SOLUTIONS LIMITED
109. FLUNA CAPITAL LIMITED
110. NEWEDGE FINANCE LIMITED
111. TA PRIME LIMITED
112. REGXTA GLOBAL SERVICE LTD

113. PROVEST LIMITED
114. JM RUBINUS LIMITED
115. CROSSROADS E-PAYMENT SYSTEMS LIMITED
116. CONSYNERGY LIMITED
117. FINTCRED INNOVATION LIMITED
118. AFROSAY FINTECH LIMITED
119. MIM FINANCE COMPANY

CONDITIONAL APPROVAL

1. TRIPODBASE LIMITED
2. OWOAFARA FINTECH SERVICE
3. AJAX LENDING LIMITED
4. THE PLATFORM DIGITAL NETWORK LIMITED
5. ZIPPY CAPITAL LIMITED
6. LENDING EDGE LIMITED
7. LENDHA TECHNOLOGIES LIMITED
8. DOJA LEMAIRE GLOBAL LIMITED
9. PAYDAYHUB ONLINE NIGERIA LIMITED
10. RETAIL BOOSTER LIMITED

11. CITADELE CAPITALS LIMITED
12. FEWCHORE FINANCE COMPANY LIMITED
13. ONE PAYOUT LIMITED
14. LIDYA GLOBAL LIMITED
15. KWABA INTERNATIONAL LIMITED
16. FINPADI TECHNOLOGIES LIMITED
17. UMBA DIGITAL SOLUTIONS LIMITED
18. FINTRADE SOLUTIONS LIMITED
19. U TECHNOLOGY
20. STELLAR FINANCE LIMITED
21. DASH INNOVATIONS

22. GRIT-TECH LIMITED
23. CAELUM TECHNOLOGIES LIMITED
24. U THINKING NIGERIA LIMITED
25. EATON HILL INVESTMENT LIMITED
26. CREDITPRO BUSINESS SUPPORT SERVICES LTD
27. MUSKA TECH LIMITED
28. HELPPO AFRICA LIMITED
29. RENNERS INVESTMENT LIMITED
30. PEBBLE FINANCIAL TECH. LIMITED
31. KIAKIA BITS LIMITED

32. WEALTHBRIDGE CAPITAL PARTNERS LIMITED
33. TRIVISTA CAPITAL LIMITED
34. ATIMI LENDING LTD
35. ZUVY TECHNOLOGIES LIMITED
36. ROCKSHIELD MICROFINANCE
37. DOT MICROFINANCE BANK LIMITED
38. ALLAWEE TECHNOLOGIES LIMITED
39. LUCRED TECHNOLOGY LIMITED
40. NOLT FINANCE LIMITED
41. SOKO LENDING LIMITED

42. CITYGATE GLOBAL INVESTMENT LIMITED
43. OLIVERMEAD INVESTMENT LIMITED
44. LIGHTING FINANCE TECHNOLOGY NIGERIA LIMITED
45. MENO FINANCE LIMITED
46. HOIL INVESTMENT LIMITED.
47. KIREDI ROCK COMPANY LTD
48. GLOSH TECH LIMITED
49. CLEMO FRESH CO. LTD
50. PASSECO TECHNOLOGY NIG. LTD
51. TRUST CEN LIMITED

52. RIVERBANK PARTNERS LIMITED
53. PRIME AVIS INVESTMENT SERVICES LIMITED
54. RIVERBRAND TECHNOLOGY LIMITED

PUNCH

Business

Naira Appreciates At Official Market

Published

3 weeks ago

May 24, 2025

Editor

The Naira, which has seen steady appreciation against the Dollar all week, closed stronger on Friday, trading at ₦1,580.44 in the official forex market.

Data from the Central Bank of Nigeria’s website show the Naira gained ₦4.51k against the Dollar on Friday alone.

This marks a 0.28 per cent appreciation from Thursday’s closing rate of ₦1,584.95 in the official foreign exchange window.

The local currency maintained consistent strength throughout the week, recording gains daily.

On Monday, May 19, it traded at ₦1,598.68; on Tuesday, at ₦1,590.45; and on Wednesday, at ₦1,584.49.

These gains suggest increased investor confidence and improved forex supply, contributing to the naira’s performance.

Meanwhile, the CBN, at its 300th Monetary Policy Committee meeting held Monday and Tuesday, retained the Monetary Policy Rate at 27.5 per cent.

Business

BREAKING: Again, Dangote Refinery Cuts Petrol Price

Published

3 weeks ago

May 22, 2025

Editor

The Dangote Petroleum Refinery has announced a nationwide reduction in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, with new prices now ranging between ₦875 and ₦905 per litre, depending on location.

The ₦15 per litre cut applies across all regions and partner fuel stations, and was confirmed via an official announcement posted on Dangote Refinery’s social media channels on Thursday.

Major marketers participating in the new pricing regime include MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy — partners in the distribution of Dangote-refined products.

Under the previous pricing structure, Lagos residents paid ₦890 per litre, while prices reached ₦920 in the North-East and South-South regions. With the latest adjustment, Lagos now pays ₦875 per litre, while the North-East and South-South will see prices drop to ₦905.

A regional breakdown of the revised prices is as follows: Lagos: ₦875, South-West: ₦885, North-West & Central: ₦895, North-East & South-South: ₦905 and South-East: ₦905.

In its announcement, Dangote Refinery encouraged consumers to purchase fuel only from authorised partner stations and urged the public to report any cases of non-compliance via its official hotlines: +234 707 470 2099 and +234 707 470 2100.

“Our quality petrol and diesel are refined for better engine performance and are environmentally friendly,” the company said.

Business

Naira Appreciates Against Dollar At Foreign Exchange Market

Published

4 weeks ago

May 17, 2025

Editor

The Naira ended the trading week on a positive note, recording a bullish close on Friday at the official foreign exchange market.

It appreciated N1,598.72 against the U.S. Dollar, reflecting a modest gain that suggests continued efforts to stabilise the local currency.

According to figures published on the Central Bank of Nigeria’s official website, the Naira strengthened by N0.60k against the Dollar on Friday.

This upward movement represents a 0.03 per cent appreciation compared to the N1,599.32 exchange rate recorded at the close of trading on Thursday.

The local currency had shown some resilience earlier in the week, posting gains on both Tuesday and Wednesday trading sessions.

On Tuesday, the Naira appreciated by 0.02 per cent, followed by a stronger gain of 0.21 per cent on Wednesday.

These improvements were seen as positive indicators of growing investor confidence and increased supply in the foreign exchange market.

However, Thursday’s trading session saw a minor setback, with the Naira slipping by N2.62 against the Dollar.

This loss equated to a 0.16 per cent depreciation, dampening the midweek rally seen in previous sessions.

Market analysts attributed Thursday’s dip to a brief increase in Dollar demand from importers and other market participants.

Despite this, the week still closed on a positive note, with the Naira showing signs of gradual recovery and increased market stability.

Analysts continue to monitor the Central Bank’s policies, especially interventions aimed at improving Dollar liquidity and managing demand pressures.

The Naira’s performance in the coming weeks will likely depend on consistent supply inflows and investor sentiment across the broader economic landscape.