Q & A
Best Loan Apps In Nigeria (2020)

Technology has made it easier for people to access loans via loan apps preventing long queues at a financial institution like banks that takes long time for the loan application to be considered. People take loans when there are emergencies that requires money they do not have, when they want to start a business and fund the idea, when they do not want to miss an opportunity that requires their financial input.
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Loan apps help people get loans with little stress. They are the easiest and fastest ways of getting loans in Nigeria. Loans can be gotten via the loan apps by connecting to the internet. Some of the benefits of getting loans online via the app include
- Having easy access to the app and loan at any period or time.
- Applying for loan from the loan app is easy, convenient and fast saving valuable human time for both parties.
- No collateral is needed to access loans
- Instant direct transfer of the loan amount to the bank account of the individual who requested for the loan.
Loan applicants can get loans as fast as 5 minutes after application on some of these ⭐️best loan apps in Nigeria⭐️. This is one of the major reasons why people prefer getting loans using loan apps as it is very easy to get them and know if one is qualified to apply for loan or not. Loan apps are also flexible. All these reasons and benefits of using loan apps are reasons why Nigerians ditch getting a loan the manual way (from banks) because they know they will get the loan fast without all the long protocols and formalities experienced in a bank.
Best Loan Apps Available For Nigerians In Nigeria
This post examines the best top 10 quick loan apps in the country. These apps are available on Android & IOS, and we will also outline their respective distinctive features.
1. Carbon formerly known as Paylater
Carbon was previously known as Paylater. The app has over a million downloads on Google Playstore with an average rating of 4.2 out of 5 from over 70,000 users on the same Google Playstore. You can borrow Personal and Business Loans on the platform and can access up to a million naira on the app with no collateral, guarantors or paperwork. Carbon loan attracts interest rates starting from as low as 5% monthly on the first loan. Loans are given for short-term cash needs which are extremely helpful in emergency cases. Carbon does NOT charge any additional fees for late repayments or processing costs. You can download the carbon app from the play store by clicking here or visit their official website by clicking here.
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2. PalmCredit
Palmcredit is a prominent loan app that helps users get a loan without much stress. One must be at least 18 years of age to apply for a loan on the platform. Palmcredit give loans ranging from N2,000 to N100,000 for a duration of 91 to 180 days. You can download the PalmCredit app from Google Play Store by clicking here. The loan interest of Palmcredit is between 14% to 24%, the Equivalent Monthly interest is between 4% and 4.7%, and the Annual Percentage Rate (APR) is around 48% to 56%. One reason why people use Palmcredit is the fact that there are no origination fees, rollover charges, transaction fees and the fact that it is highly rated by several users with several good reviews on the app store.
3. Branch
Branch loan platform is one of the best loan apps in Nigeria that operates in several other countries like India, Mexico and Kenya. Branch does not charge late fees or rollover fees and does not put restrictions on how you spend your money. This loan app has a customer support team that is always available 24/7. Approval after applying for a loan via the Branch app can be done under 24 hours. Branch offers loans from ₦1,000 to ₦200,000 with a duration of between 4 to 40 weeks. Interest ranges from 15% – 34% with an equivalent monthly interest of 3% – 21% and APR of 33% – 261%, depending on your loan option. There is no collateral needed to get a loan via the app and they value your privacy and will not sell your data. Over 10 million people have downloaded this awesome loan app from Google PlayStore and you can download the app by clicking here. You can download the Branch Money Lending App by clicking here
4. Fair Money
One can get loans of up to ₦500,000 in 5 minutes on FairMoney. The website of FairMoney can be accessed by clicking here. FairMoney offers short-term loans to help users cover for urgent needs, bills, business and much more and have packages like personal loan, education loan and business loan. FairMoney loans range from ₦1,500 to ₦500,000 with loan term durations from 60 days and above, and equivalent monthly interest that ranges from 10% to 30%. There are no additional fees or hidden costs for processing your loan. FairMoney also has flexible repayment of loans via repayment in instalments. No document, no collateral is needed to get a loan via FairMoney. Only the BVN number is shared during the loan application and the need to connect an ATM card to authorize the app to debit for repayment purpose. Repaying early also gives you a payment discount that can be found on the app.
5. Migo formerly known as Kwikmoney
Migo is another great loan app in Nigeria. This loan app platform is very fast as it enables users to apply for a loan through their website by registering with their phone number. All processes are done on their website and there is no further need to download any app. You can also use USSD to get a loan from Migo by dialling *561*1*1*1#. No collateral or documentation is needed to request a Migo loan. You can borrow between ₦500 to over ₦500,000 on the platform. If you want to know more about their loan process, you can read their FAQ by visiting here.
6. OKash
With over a million downloads on Google PlayStore and a rating of 4.5 out of 5, OKash is one of the best loan apps in Nigeria.Okash App Interface is an affiliate of Opera mobile payment platform, Opay. Okash give loans to those between the ages of 20 to 55 years, with an internet-enabled Android device and a means of identification, as well as valid bank account and card. Payment of the loan is between 91 days to 365 days and the loan amount available is between N3,000 to N50,000. Applicants must have a source of income to apply for this loan. Okash provides you with updates via SMS and will remind you of repaying via SMS too. You can download the OKash loan app by clicking here.
7. Allea
Allea can give an individual a loan amount between N2000 and N1 million. Their interest rate is between 6% to 20% and the loan tenure is between 1 to 3 months. Allea does not charge late or rollover fees. With over 500,00 downloads on Google PlayStore, Allea makes it super easy for anyone to borrow and repay the loan they collected.
Politics
[Video] Tompolo makes first public appearance after six years

Who is Tompolo?
Government Oweizide Ekpemupolo, aka Tompolo was a commander in various guerrilla groups in the Niger Delta which were all agitating against the insensitivity of the Federal Government and the international oil companies towards to exploitation and degradation of the Niger Delta. Ekpemupolo’s wealth, derived mainly from oil bunkering, played a major role in founding both MEND and also his own fighters (Wikipedia).
Tompolo, who led the disbanded Movement for Emancipation of Niger Delta (MEND), was nowhere to be found immediately after President Muhammadu Buhari was sworn-in in 2015 as the Federal Government sent troops to get him apprehended.
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The government as published by the Nation Newspaper also declared him wanted through the Economic and Financial Crimes Commission (EFCC) for ignoring two bench warrants issued against him by the Federal High Court sitting in Lagos following an alleged N45.5bn fraud case.
But the court on July 15, 2019, dismissed all the charges against Global West Vessel Specialist Limited, a company linked to the former Niger Delta militant leader.
Despite the judgment, Tompolo failed to appear in public until October 19, 2020, when sources said he made a sudden appearance at the Egbesu Shrine in his Oporoza country home in Gbaramatu, Delta State, the Nation Newspaper reported.
His First Public Appearance after six years
Picture and video of his appearance showed the former warlord and his friends dancing, worshipping, and offering Thanksgiving to Egbesu, Ijaw god.
An Egbesu disciple, Bodmas Kemepadei, who confirmed the development, said the appearance of Tompolo, who is the Egbesu Priest, would help to facilitate resolutions of knotty issues in the Niger Delta region.
He said: “As Tompolo disciples and proponents of the Ijaw cause, this celebration to our National God Egbesu, is not just about the vindication and freedom of Tompolo, it is about the military invasion and burning of our communities without any provocation.
“It is about the IOCs that have refused to relocate to the region even after a presidential directive, it is about our people having a fair share of our natural resources, it is about freedom from these Federal Government promoted ailments that our people suffer from.
“We celebrate Tompolo with confidence that these issues will be addressed, we celebrate with our spirits high knowing that the time for resource control is now, let this be a message to all our brothers in struggle, the days of arms are over, we have to engage the FG with intellectualism, we call on all to be part of the resource control agitations, the time is now” (The Nation).
Articles
What is NIN number in Nigeria?

According to Wikipedia, a national identification number, national identity number, or national insurance number is used by the governments of many countries as a means of tracking their citizens, permanent residents, permanent residents, and temporary residents for the purposes of work, taxation, government benefits, health care, and other governmentally-related functions. The number appears on identity documents issued by several countries.
Below are 7 things you need to know about the NIN in Nigeria
- The NIN is your assured digital identity
- The NIN is a set of 11 numbers assigned to an individual at the completion of enrolment into the national identity database
- The NIN is cannot be transferred from one person to another
- The NIN is used to verify your identity as a citizen
- Your NIN is what identifies you and can suffice for ID purposes
- The NIN is for life, it does not expire
- The NIN is a must – have for all citizens
Visit http://nimc.gov.ng/ for more details
Q & A
Aisha Yesufu: Nigeria’s Statue of Liberty

Aisha Yesufu is a Nigerian social and political activist who came to limelight for speaking up for the abducted Chibok schoolgirls in 2014. In 2020, she and thousands of Nigerians all over the world protested against police brutality. The almost 50 years old Aisha was also at the forefront of the #EndSARS protest and forced the Nigeria Police Force to listen to the voice of the people and dissolved SARS, a tactical unit of the police force on October 11, 2020.
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⭐Aisha Yesufu⭐ was the co-convener of the Bring Back Our Girls (BBOG) campaign that tirelessly held protests demanding for the rescue of the 276 schoolgirls kidnapped by Boko Haram in Chibok, Borno state. The Chibok schoolgirls were between the ages of 15-18 years as at the time of their abduction in 2014. She was part of Nigerian women that protested at Nigeria’s National Assembly, in Abuja, on 30 April 2014.
At the age of 10, the Nigerian female social and political activist concluded that the worst thing any human can do to her was to kill her. She realised that no matter what she and everyone else will still die and that death is inevitable and not the worst thing in life. Aisha Yusufu said she never feared anyone while growing up though she respects people. She only fears the Supreme Being. Aisha Yesufu in October 2020 said she would not leave the fight against End SARS protest in Nigeria for her children.
Biography of Aisha Yesufu
Aisha Yesufu was born in Kano state in December 1974, she is from Agbede in Edo state. She is from the tribe of Etsako and she is 5 feet 10 inches tall. Aisha described the place where she grew up in Kano as a ghetto. By the time she was 11 years, she did not have any female friends as all her female friends had been married and did not complete their education because they were at their husband house.
Education of Aisha Yesufu
Aisha Yusufu got her West African School Leaving Certificate from the Bayero University Staff Secondary School in 1991. According to an article on The Guardian, she wanted to enrol at the Nigeria Defence Academy (NDA) in 1991 but was rejected because she was a woman. Aisha Yesufu first gained admission to a tertiary institution at the Uthman Dan Fodio University, Sokoto in 1992. In 1993, she got her A-Levels IJMB from the Kano State College of Arts & Science.
She left Uthman Dan Fodio University, Sokoto after a crisis for Ahmadu Bello University, Zaria where she got admitted to study Medicine. This female activist left Ahmadu Bello University when it was shut down because of the murder of a professor in 1994. She then got to study at the Department of Microbiology at Bayero University, Kano in 1996 and graduated with a second class upper Bachelor of Science Degree from the university in 1999 three years after.
In each of the 3 universities (Uthman Dan Fodio University, Ahmadu Bello University and Bayero University) where she made friends, her friends avoided moving with her at the administrative block for fear of getting rusticated. She got a masters degree in Pharmaceutical Microbiology in 2006 at the Ahmadu Bello University, Zaria
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Aisha Yesufu Career
Aisha Yesufu, a graduate of Microbiology is a businesswoman. She did her NYSC year in Kano state from January 1999 to January 2000. She was posted to and served at Kano State School of Nursing where she lectured students on medical microbiology, development and spread of infectious diseases in patients.
Aisha went to business after schooling in the 2000s. She made business her main focus. She is the CEO of Aliyyah & Amir Ventures Limited and has been with the family business since January 2003. Aisha Yesufu manages the day to day activities of the company. The business is involved in trading and distribution of general merchandise and raw materials in Northern Nigeria.
The businesswoman also founded Citizens Hub in January 2017. Citizens Hub is a non-profit organization that seeks to build a solution-driven and dynamic approach to building a financially independent, active and responsible citizenry. Citizens Hub is based in Abuja, Nigeria capital.
Aisha Yesufu’s Marriage
Aisha Yesufu got married to her husband Aliu, an Auchi man in 1996 while at the university at the age of 24. She was the one who approached her husband. The marriage is blessed with two children a son and a daughter with the youngest child (her daughter) born in December 2001. Aisha Yesufu once revealed that she is not a big fan of house chores. She says her husband is her number one fan.
Aisha Yesufu’s Activism
Activism as always being part of Aisha Yesufu life. She as always stood up against injustice. Aisha Yesufu do tell tales of how she participated in several protests while studying at the 3 universities she attended. She has been actively involved in over 100 protest marches demanding social justice in Nigeria.
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Aisha was a columnist at Daily Times from September 2019 to March 2020 where she wrote about contemporary issues affecting Nigeria. The Bring Back Our Girls civil rights group where she was the co-convener persistence helped in the rescue of at least 100 Chibok girls from the Boko Haram terrorist group with more still missing. She was the Sit-Out Coordinator and then Chairperson of the Strategic Team of the #BringBackOurGirls campaign group. Since 30th of April 2014, the civil the group has staged a sit-in protest at the Unity Fountain to compel the government to bring back the remaining girls despite all forms of intimidation and harassment by security agents and the Nigerian government.
In 2019, Aisha volunteered as a member of the Oby Ezekwesili Presidential Campaign Organization during the 2019 elections in Nigeria. In 2020, she was very active in the #EndSars campaign. Aisha and several thousands of Nigeria protested against police brutality that eventually led to the dissolution of the SARS tactical unit on Sunday, October 11, 2020, by the Inspector General of Police.
Aisha Yusufu is very active on social media and is known to fight injustice both online and offline. She has been physically present in at least over 100 protests in Nigeria and is known to be one of the positive change voice in Nigeria. She is fluent in English, Hausa, and Etsako languages. Aisha won an Award for Humanitarian Service during her NYSC. She as also won the Social Person of the week on Kakaaki and was also given the Voice of Humanity award by the Guardian Newspaper. Aisha Yusufu is a practising Muslim.
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