News
The Right Approach to Credit Will Grow, Not Harm, Your Business

Imagine this: Mr. Okeke runs a small grocery store in the bustling city of Lagos, Nigeria. He has been in business for several years, and his shop is an integral part of the local community. Yet, like many small business owners in the informal sector, Mr. Okeke faces a significant hurdle: accessing credit to grow his business.

Kevwe Onokerhoraye, Head, Product Strategy, OnePipe
For many, credit can seem like a double-edged sword, promising growth on one hand, but harboring the risk of debt on the other. However, with the right approach, credit can be a powerful tool that propels a business forward without causing financial harm.
The first step towards a healthy relationship with credit is understanding its role. Credit is not just a financial instrument; it’s a growth enabler. It can help businesses invest in new equipment, expand product lines, and even open new locations. Credit can also help businesses manage their cash flow more effectively, ensuring they can meet their obligations even during quieter periods.
However, the key to leveraging credit effectively lies in accessing it responsibly. This means understanding your business’s financial situation and borrowing within your means. Responsible borrowing involves being aware of the interest rates, repayment terms, and potential penalties associated with a credit facility. It also means making sure that the credit is used for productive purposes that will generate returns and enable the business to repay the borrowed funds.
In Nigeria, a significant barrier to accessing credit is a lack of a formal financial track record, especially for small businesses operating in the informal sector. Traditional financial institutions often require a history of financial transactions and collateral, which many small business owners cannot provide.
Fortunately, the financial landscape in Nigeria is evolving. A new generation of financial technology firms is developing solutions designed to increase the accessibility of credit. These solutions leverage technology to assess creditworthiness in innovative ways, such as analyzing transaction data from mobile money platforms or using alternative forms of collateral.
This evolution in the financial sector represents a significant opportunity for small businesses. By leveraging these new sources of credit, businesses can overcome traditional barriers to finance and unlock new growth opportunities. However, it’s crucial that businesses approach this opportunity with a clear understanding of their financial capacity and a plan for how they will use and repay the borrowed funds.
Another critical aspect of a healthy approach to credit is financial education. Small business owners must understand the terms and conditions associated with the credit they access. This understanding allows them to make informed decisions and avoid potential pitfalls. Financial education can also help businesses understand the wider financial landscape, including the range of credit options available to them and how to compare these options effectively.
Credit can also be a tool for resilience. In times of uncertainty, such as during a pandemic or economic downturn, access to credit can help businesses weather the storm. It can provide the necessary funds to keep operations running, pay employees, and even pivot the business model to adapt to changing market conditions. This kind of flexibility can be crucial for survival in challenging times.
In conclusion, credit is a powerful tool that, when used responsibly, can drive growth and resilience for small businesses. The key lies in approaching credit with understanding, responsibility, and a clear plan for how it will be used to generate growth. As the financial landscape in Nigeria continues to evolve, businesses like Mr. Okeke’s grocery store has an unprecedented opportunity to leverage credit as a catalyst for their growth journey.
However, the right approach to credit is not just about individual businesses; it’s about building a more inclusive and resilient financial system that benefits everyone. By democratizing access to credit and promoting responsible borrowing, we can empower businesses to grow, innovate, and contribute to the economic development of Nigeria.
This Evolution brings us closer to a future where every business, no matter how small, has the financial tools it needs to thrive. Thus, adopting the right approach to credit is not just about enhancing the growth of an individual business, it’s about contributing to the growth and resilience of the entire economy.
For Mr. Okeke and countless other small business owners in Nigeria, the right approach to credit could be a transformative force. It could help them turn their business aspirations into reality, bring prosperity to their communities, and contribute to Nigeria’s economic development.
The journey towards financial inclusion and empowerment is a challenging one, but with the right tools and approaches, businesses can navigate it successfully and reap the rewards.
News
NCDC Issues Public Advisory on Cerebrospinal Meningitis

Nigeria Centre for Disease Control and Prevention (NCDC) has issued a Public Health advisory on the spread of Cerebrospinal Meningitis (CSM).

It said that the caution is particularly for states within the African Meningitis belt.
In a statement by the Corporate Communications Division of NCDC urged all Nigerians to remain vigilant and adopt preventive measures.
The statement said: “As Nigeria continues through the peak dry season months, the Nigeria Centre for Disease Control and Prevention (NCDC) alerts the public to the ongoing risk of Cerebrospinal Meningitis (CSM), particularly in states within the African meningitis belt.
“Cerebrospinal meningitis occurs more frequently between December and April, when dry, dusty conditions, overcrowding, and poor ventilation increase the risk of transmission.
“The NCDC urges all Nigerians to remain vigilant and adopt preventive measures. Surveillance and response activities remain ongoing nationwide, and laboratory testing is being conducted at the state level while national laboratory capacity is being strengthened.
It explained that Cerebrospinal meningitis is a serious infection of the protective membranes covering the brain and spinal cord.
According to NCDC the affliction is most commonly caused by bacteria, particularly Neisseria meningitidis.
“Bacterial meningitis can progress rapidly and may be fatal within hours if untreated.
“However, early diagnosis and prompt antibiotic treatment significantly improve survival and reduce complications. CSM spreads through respiratory droplets during close contact, especially in overcrowded or poorly ventilated environments.”
It said that symptoms to watch out for include sudden high fever, severe headache, and neck stiffness.
It said other symptoms may include: nausea or vomiting, sensitivity to light, confusion or altered consciousness and seizures.
For In infants and young children, NCDC said the symptoms could bulging soft spot on the head.
The Centre said that early recognition and treatment can save lives.
News
Report finds the Number of Trojan Banker Attacks on Smartphones Increased by 56% in 2025

According to a Kaspersky report “Mobile malware evolution,” the number of Trojan banker attacks on Android smartphones increased by 56% in 2025 compared to the previous year*.

This type of malware is designed to steal user credentials for online banking, e-payment services and credit card systems. Cybercriminals commonly distribute Trojan bankers through messaging apps, as well as through malicious webpages.
The number of new Trojan banker installation packages for Android (unique APK files) also increased sharply, reaching 255,090 packages – a 271% increase over 2024. This may indicate that these tools generate substantial profit for cybercriminals.
Kaspersky experts believe threat actors will continue both to expand delivery channels and develop new Trojan variants trying to evade detection by security solutions. Among all detected Trojan bankers, the leading families were Mamont and Creduz.
“Although Trojan bankers for smartphones are the fastest-growing type of malware, we also observed another important trend: preinstalled backdoors such as Triada and Keenadu appeared more frequently compared to previous years. People purchase completely new, but infected, Android devices and may be unaware of the threat.
Once integrated into the firmware fully functional preinstalled backdoors provide attackers with unlimited control over the victims’ smartphones and tablets. As a result, all information on infected devices can be compromised.
It’s quite difficult to remove such malware. If the device is infected, we recommend users check for firmware updates. After the update, run a scan of the device with a security solution again to make sure newly installed firmware is not infected,” comments Anton Kivva, malware analyst team lead at Kaspersky.
News
FG Can Now Track, Prosecute Visa Overstayers – Interior Minister

Federal Government has said it now has the capacity to identify and apprehend foreigners who overstay their visas in the country.

Minister of Interior, Olubunmi Tunji-Ojo
The Minister of Interior, Olubunmi Tunji-Ojo, disclosed this on Thursday in Abuja during the 2026 Sectoral Performance Review Retreat of the Federal Ministry of Interior.
Tunji-Ojo said the government now possesses comprehensive data that enables authorities to track individuals who have entered the country over the past decade and determine those who have failed to comply with their visa conditions.
According to him, the development followed the establishment of an Integrated Operations Centre and a Network Operations Centre by the Nigeria Immigration Service.
The minister, however, said the FG will go after foreigners who have overstayed their visas, adding that outside of the country, Nigerians are not being spared.
He said, “In NIS, I know we are doing a lot already. As of today, we have been able to build our Integrated Operations Centre and the Network Operations Centre, which we never had before.
“With that, we can access, in the last 10 years, everybody who has entered, where you came from, everything, we have all your records, we have everything, we know the exact people who have overstayed in our country, and we will go after them, with due respect, because, outside of Nigeria, they go after the irregular immigrants and we think we have to protect the sanctity of our borders,” the minister stated.”
The minister also stressed the need for reforms across agencies under the ministry, including the Nigeria Security and Civil Defence Corps, to ensure services are delivered transparently and without corruption.
Tunji-Ojo said the goal of government institutions should be to protect citizens, particularly the most vulnerable in society.
NSCDC provides protection in an organised and corruption-free manner, where the son of a nobody will have the same opportunity as the son of anybody in government.
“If you are a businessman or there is a genuine threat to your life, you should be able to access protection without going through the minister, the Commandant General, or anyone else. It is only then that we can truly say we have a service that works for Nigerians.
“Nigeria should not be about selective service delivery. The essence of government is to protect everyone, with greater emphasis on protecting the weakest in society, ” he said.
Speaking on correctional reforms, he argued that a system where individuals repeatedly return to custody reflects a failure of rehabilitation.
“Anybody who goes in there must be reformed and transformed,” he said, adding that the objective was to reduce cases of repeat offences to the barest minimum.
In her remarks, the Permanent Secretary of the ministry, Magdalene Ajani, emphasised the importance of accountability in leadership.
She said leadership was about “devotion, promises, performance, and impact,” noting that the ministry’s agencies play critical roles that affect the daily lives of Nigerians and therefore require transparency and effective service delivery.
The move to go after foreigners who overstay their visas comes amid renewed efforts by the Federal Government to strengthen border management and enforce immigration regulations across the country.
This definitely would allow immigration authorities to track the movement of travellers and identify individuals who remain in Nigeria beyond the duration permitted by their visas.
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