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Nigeria’s loan apps are pulling back from the small loans that built them

Nigeria’s digital lending boom was built on small, instant loans between ₦5,000 ($3.61) and ₦10,000 ($7.21) disbursed within minutes on sleek apps. But that model is beginning to shift. Digital lenders across the country are retreating from small-ticket loans, shifting toward larger loans and borrowers with verifiable income as regulatory pressure, tighter privacy rules, and

Bolt and WANATU beat South Africa’s licence deadline. Their drivers may not.

Bolt and WANATU have secured their e-hailing operator licences ahead of South Africa’s March 11 deadline, clearing a key hurdle in the country’s first serious attempt to regulate its e-hailing industry. In a statement shared with TechCabal, Bolt said it received its Certificate of Registration from the National Public Transport Regulator (NPTR) on February 27.
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