Globacom has enhanced its 'Borrow Me Credit' service, aiming to prevent subscribers from being disconnected due to insufficient balance. This initiative reflects the company's commitment to providing digital solutions that support its users' connectivity needs.

Dun & Bradstreet has introduced a Business Credibility Report aimed at helping companies in Nigeria verify their credentials, according to Punch. The report is also intended to enable lenders to better assess business risks when making financing decisions. The initiative is designed to improve transparency and trust in commercial transactions within the Nigerian market.

According to CampusBee, over 58% of beneficiaries of the Higher Education Students’ Financing Board (HESFB) government loan scheme for university education are currently defaulting on their loans. The situation has become more serious, as there are discussions about potentially publishing the names of those who have defaulted.

Standard Bank reported that client confidence has been negatively impacted by ongoing conflicts in the Middle East and rising inflation. Additionally, high interest rates contributed to the bank's performance, leading to only 'moderate growth' in its home loan portfolio.

The article discusses the potential for an African Credit Rating Agency to address the disadvantages posed by current credit ratings for the continent. It raises concerns about whether such an agency would be perceived as credible or if it would be seen as Africa marking its own homework, reflecting investor scepticism about self-assessment in credit ratings.

The rebranding of Credable to _able highlights the importance of credit infrastructure in Africa, according to TechTrends KE. While consumers typically interact with familiar financial service brands like banks and fintechs, the underlying infrastructure remains largely unseen. The Dubai-based company believes that enhancing this infrastructure presents a significant opportunity for growth in the African financial services market.