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Lendsqr Launches NGN1 Billion On-Lending Initiative to Empower Nigerian Lenders

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Nigerian fintech startup Lendsqr, recognized for its innovative loan management software serving banks, microfinance institutions (MFIs), and digital lenders, has announced the launch of a NGN1 billion (US$600,000) on-lending initiative. This move aims to support local lenders in expanding their credit offerings, providing them with the capital needed to scale. Since its founding in 2018, Lendsqr has streamlined lending operations and connected lenders with borrowers through its digital platform.Image preview

In discussing this new funding approach, CEO Adedeji Olowe noted, “For a long time, we believed that providing top-tier lending technology was enough to help lenders scale… But technology alone cannot scale a loan business without adequate capital.” This initiative specifically targets licensed lenders in Nigeria, offering them critical access to growth capital.

Lendsqr’s on-lending model directly addresses a pressing issue in digital lending: access to adequate loan capital. By bridging the gap between technology and funding, Lendsqr empowers lenders to meet customer demand, enhance credit offerings, and stay competitive in Nigeria’s evolving financial landscape.

 

 

 

“For a long time, we believed that providing top-tier lending technology was enough to help lenders scale… But technology alone cannot scale a loan business without adequate capital.” This initiative specifically targets licensed lenders in Nigeria, offering them critical access to growth capital.

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Flying blind in the face of remote business edge complexity

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By Bryan Hamman, Regional Director: Africa at NETSCOUT

 As enterprises across Africa continue to adopt Unified Communications as a Service (UCaaS) and Software as a Service (SaaS) solutions to support their geographically dispersed operations, the complexity of maintaining these critical tools at remote site locations has escalated. This poses significant challenges for IT teams tasked with ensuring optimal performance and security of systems and applications across all sites and branches, no matter where they are located.

The Middle East & Africa (MEA) region’s UCaaS market underscores this trend, with revenues projected to reach approximately USD 15 billion by 2030, growing at a compound annual growth rate (CAGR) of 22 percent from 2025 to 2030. This development reflects the increasing reliance on UCaaS solutions across the region.

However, without continuous monitoring of the entire ecosystem, IT departments may find themselves…

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MOPPETS CEO Roberta Edu Declares Spar Market the Undisputed Champion of Nigerian Retail—Here’s Why!

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Roberta Edu, the visionary CEO of MOPPETS, Nigeria’s pioneering indigenous baby formula brand, has just dropped a bombshell revelation: Spar Market isn’t just another supermarket—it’s the Harvard of retail operations in Nigeria. And if you’re in the business of selling products, you’d better take notes.

In an electrifying endorsement that’s sending shockwaves through the retail sector, Edu didn’t just praise Spar—she crowned them the undisputed kings of automation, efficiency, and supplier satisfaction. Forget Shoprite, forget the rest—when it comes to seamless operations, Spar is playing chess while others struggle with checkers.

“Certified by Spar or Bust!” – Why Every Supermarket Should Bow to Spar’s Genius

Edu’s message was clear: If you’re launching a supermarket chain and want a winning team, poach Spar’s talent. In fact, she boldly declared that every Nigerian retailer—from the biggest giants to the smallest corner stores—should stand in a straight line and beg Spar for lessons.

“Spar should issue…

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Discover Drinks.ng: Anambra’s Hidden Gem for Luxury and Vibes

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There’s a place in Onitsha that changes everything you thought you knew about Anambra’s social scene. The moment you step into Drinks.ng, you feel it – that electric energy of a space designed for those who appreciate the finer things. The sleek modern interior, the expertly crafted cocktails, the impressive selection of premium spirits displayed like works of art – this isn’t just a bar, it’s a destination.

What makes Drinks.ng special isn’t just what’s in your glass (though trust me, their mixologists are artists). It’s the atmosphere – the kind of place where business deals get sealed with a clink of crystal tumblers, where friends celebrate milestones with champagne showers, and where every visit feels like an occasion. The attention to detail here would impress even the most discerning connoisseur, from the temperature-controlled wine storage to the knowledgeable staff who can recommend the perfect pairing for your mood.

But here’s…

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NASENI and Caverton Helicopters Launch Training of Female staff on UAV

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The National Agency for Science and Engineering Infrastructure (NASENI) and Caverton Helicopters have commenced the second batch of training for 10 selected female engineers and scientists from NASENI system-wide in Unmanned Aerial Vehicles (UAVs) technology.

 

The six-week training program, which kicked off on Monday 7th of April 2025 at Caverton’s training school in Ikeja, Lagos, is part of the NASENI-Caverton, (NASCAV) ongoing partnership agreement to strengthen the aviation mandate of NASENI.

 

The training is a key component of the SHEFLY project, a pioneering initiative by the Executive Vice Chairman/Chief Executive Officer of NASENI, Mr. Khalil Suleiman Halilu, aimed at empowering rural women to leverage drone technology for precision farming and increased agricultural yields, aligning with President Bola Ahmed Tinubu’s Renewed Hope Agenda.

 

In his remarks, Dr. Abayomi Okesola, the team Lead NASCAV project, who spoke on behalf of NASENI management, welcomed the trainees to the epoch training exercise with CAVERTON, citing them…

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NCC Launches Groundbreaking Protection for Nigerians’ Unused Airtime, Introduces 12-Month Recovery Window

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In a historic move for Nigeria’s telecom sector, the Nigerian Communications Commission (NCC) today announced sweeping reforms that will safeguard millions of naira in unused airtime from disappearing when phone lines are deactivated. The bold new protections, unveiled during a national stakeholder forum, represent the most significant consumer rights advancement in Nigeria’s digital age.

Speaking at the virtual gathering, Mrs. Chizua Whyte, NCC’s Head of Legal & Regulatory Services, painted a vivid picture of the human impact behind the policy shift. “We’re talking about market women who save for weeks to buy airtime, students rationing credit for online classes, and entrepreneurs depending on every naira for their business communications,” she said. “These aren’t just numbers on a balance sheet—they’re the lifeblood of Nigeria’s digital economy.”

The centerpiece of the new framework gives subscribers an unprecedented 12-month window to reclaim unused airtime after their line is deactivated, a dramatic departure…

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NCC Introduces Progressive Guidelines to Protect Subscribers’ Unused Airtime

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In a bold move to safeguard telecom consumers, the Nigerian Communications Commission (NCC) has unveiled a draft regulatory framework ensuring that subscribers can reclaim unused airtime on deactivated lines—a first-of-its-kind policy in Nigeria’s telecommunications sector.

Empowering Subscribers

The proposed guidelines prioritize consumer rights by:

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  2. Banning Monetization, Promoting Service Benefits: While cash refunds remain restricted, users will have flexible service options (data, calls, SMS) to utilize their balances.
  3. Transparent Audits: Operators must conduct detailed audits of inactive lines and submit reports to the NCC, ensuring accountability.
  4. Mandatory Consumer Awareness: Telecom companies must notify users via SMS, websites, and multilingual campaigns about their rights under the new policy.

NCC’s Pro-Consumer Stance

The Commission’s draft addresses longstanding gaps in the sector, where inactive subscribers often lose unused airtime without recourse. By adopting global best practices while tailoring…

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NCC Opens National Conversation on Unclaimed Recharges, Says “Consumers Must Not Be Left Behind”

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 In what many are describing as a bold step toward consumer-centric reform in Nigeria’s telecom space, the Nigerian Communications Commission (NCC) today convened a virtual stakeholder forum focused on the growing concern of unclaimed prepaid airtime balances—a topic that has sparked debates across boardrooms, consumer circles, and policy spaces.

The event, which attracted major players from telecom companies, consumer advocacy groups, regulators, and tech analysts, was opened with a welcome address by the Executive Vice Chairman (EVC) of the NCC, Dr. Aminu Maida, delivered on his behalf by the Executive Commissioner, Stakeholder Management, Ms. Rimini Makama.

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As tributes continue to flood in over the passing of Nigerian banking titan and business statesman, Dr. Pascal Gabriel Dozie (PGD), one particularly moving homage came from Professor Ndubuisi Ekekwe—renowned entrepreneur, inventor, and founder of Tekedia Institute—who described PGD as “a legend who departs the solid bounds of the earth to the ecclesiastical heaven.”

In an emotionally rich reflection, Prof. Ekekwe recounted personal memories, moments of transformation, and the remarkable legacy left behind by the late founder of Diamond Bank. His words painted a vivid portrait of Dr. Dozie as not only a pioneer of African banking but a compassionate leader who elevated countless young Nigerians.

“A legend departs from the solid bounds of the earth to the ecclesiastical heaven,” Prof. Ekekwe wrote, “where cymbals, tapestries and flutes, with cherubic melodies, welcome a man who raised…

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