Can I use a state lending license to lend anywhere in Nigeria
As a lender new to the game, one of the foremost questions you’re likely to have is how possible it is to use a state money lending license to lend anywhere and to anyone in Nigeria, especially with the rise of digital lending.
Now, let’s shed more light on this particularly vital question. The state money lending license laws were formulated at a time when digital lending was not a consideration. Unfortunately, this means no state in Nigeria boasts a modern license law tailored to digital lending. But with the widespread adoption of digital lending, lenders are left scratching their heads about where their state license holds up.