Digital loan sharks prey on inflation-hit NigeriansThu, 04 Sep 2025 05:54:07 GMT
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 percent interest rate, due in two weeks. Like many in Nigeria, battered by inflation, Ogundairo was too broke to pay back …
Digital loan sharks prey on inflation-hit NigeriansThu, 04 Sep 2025 05:54:07 GMT Read More »






