CBN raises regulatory questions over non-banks offering instalment credit

AI Summary

The Central Bank of Nigeria has expressed regulatory concerns regarding non-bank entities offering instalment credit through 'pay small small' schemes. This move highlights growing scrutiny of alternative credit providers in Nigeria.

The Central Bank of Nigeria (CBN) has raised questions over the growing use of “pay small small” schemes by non-bank businesses to offer credit to customers. The post CBN raises regulatory questions over non-banks offering instalment credit appeared first on Nairametrics.