business
Cash flow, not collateral, should drive lending to Nigerian businesses, says Moniepoint CEO
Summary by The Lagos Editorial Desk Kelechi Mgboji , as published by Nairametrics
· October 7, 2026
· 1 min read
Photo: Nairametrics · view original
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Summary created by The Lagos Editorial Desk — automated, rule-governed Byline on source page Kelechi Mgboji, as published by Nairametrics Original story Read at the source Source published Oct 7, 2026 Indexed here Oct 7, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points The percentage of adults using formal credit has risen to 10% in 2026, up from 6% in 2023. The CEO's statement emphasizes the importance of assessing how businesses earn and move money.
Moniepoint's CEO suggests that lenders should focus on a business's cash flow when making lending decisions, rather than the collateral they can provide. This approach is recommended as formal credit use among adults has increased. The percentage of adults using formal credit has risen to 10% in 2026, up from 6% in 2023.
Further details on this recommendation are available from the source. The CEO's statement emphasizes the importance of assessing how businesses earn and move money.
More information can be found on Nairametrics, which initially reported the CEO's comments.
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Nairametrics reported and published this story. The Lagos selected it, summarised the key facts above, and links to the original. We did not report this story and we added no reporting of our own to it.
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As published by Nairametrics . The Lagos selects stories from publishers’ feeds, summarises them, and links back to the publisher that reported them. We add no reporting of our own. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit Nairametrics . Have a tip or correction? Contact the editor .
Category: business Published: October 7, 2026 Source: Nairametrics Reading time: 1 min
Frequently asked about this story
What is this story about? Moniepoint's CEO suggests that lenders should focus on a business's cash flow when making lending decisions, rather than the collateral they can provide. This approach is recommended as formal credit…
When was this published? This article was first published on October 7, 2026 by Nairametrics and curated for The Lagos readers.
Who reported this story? This story was reported by Kelechi Mgboji at Nairametrics. To learn more about how The Lagos selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The Lagos, or browse our daily briefing and topic hubs .
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