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Finance & Markets

‘Frighteningly easy’: How fake AI payslips fuel mortgage fraud

Dodgy loan applications are on the rise, reigniting a bank push for a shift away from old-school documents such as payslips and tax returns.

‘Frighteningly easy’: How fake AI payslips fuel mortgage fraud

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NICA wants FG to inject N2 trillion into credit guarantee company

The National Institute of Credit Administration (NICA) has called on the Federal Government to immediately capitalise the National Credit Guarantee Company (NCGC) with N2 trillion to expand access to…

  • NICA urges FG to inject N2 trillion into NCGC.
  • Private sector credit at 28% of GDP, below emerging economies average.
  • High lending rates (32-35%) make formal credit unaffordable for critical industries.

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