Connect with us

Nigeria News (Standard)

Lagos Lender Launches Buy-Now-Pay-Later Scheme for Kitchen Appliances

Credit Direct introduces flexible payment option, easing burden on households amid rising costs of home upgrades

Published

on

Credit Direct introduces flexible payment option, easing burden on households amid rising costs of home upgrades

Credit Direct, a CBN-licensed lender based in Lagos, has introduced a buy-now-pay-later platform that allows Nigerian households to furnish their kitchens without making full upfront payments. The new scheme, which became available nationwide on Monday, targets families seeking to upgrade kitchen appliances and utensils despite prevailing economic challenges.

Traditionally, many Nigerian families prioritise the sitting room and bedrooms for upgrades, often leaving kitchens reliant on outdated or worn appliances due to the high lump-sum costs of replacements. With inflation remaining high and disposable income under pressure, the introduction of flexible payment plans is expected to help more households access modern kitchen amenities.

The initiative by Credit Direct offers customers the option to spread payments over several months rather than paying the entire cost at once. According to company representatives, this approach aims to make essential home improvements more accessible while supporting financial planning for low- and middle-income earners. “We recognise the importance of a functional kitchen in every home and want to remove financial barriers for families,” a spokesperson for Credit Direct stated in a press release.

Industry analysts say the move could boost demand for household goods and stimulate local manufacturing. However, some consumer advocates urge households to fully understand repayment terms before committing to credit purchases. As at June 2026, rising interest rates and fluctuating naira value have made affordability a concern for many Nigerian consumers.

With the launch of this buy-now-pay-later platform, Credit Direct is positioning itself as a leading provider of consumer finance solutions in Nigeria’s fintech sector. The company said it will monitor adoption closely and may expand similar offerings to other household categories if demand remains strong.

Source: https://guardian.ng/news/nigerians-can-now-furnish-their-kitchens-without-paying-everything-upfront/

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Nigeria News (Standard)

Morocco, Ghana Lead Africa’s Push for Record World Cup Knockout Spots

Strong group stage performances put African teams in contention for unprecedented FIFA World Cup round of 16 presence

Published

on

Strong group stage performances put African teams in contention for unprecedented FIFA World Cup round of 16 presence

Morocco and Ghana have emerged as frontrunners among African representatives at the ongoing FIFA World Cup 2026, with both sides topping their groups after decisive victories in their latest matches. The tournament, which is taking place across North American cities, has seen African teams deliver standout performances as at Tuesday, 23 June.

Both Morocco and Ghana secured crucial wins in their second group matches, placing them ahead of their rivals and raising hopes of a historic number of African teams progressing to the knockout rounds. Their performances have fuelled optimism among fans and stakeholders that Africa could surpass its previous best by having more than two teams reach the round of 16 in a single tournament.

This development is significant for the continent’s football ambitions, as African teams have traditionally struggled to advance past the group stages at World Cup finals. The current campaign reflects improved preparation and tactical discipline among African sides, with players featuring prominently in European leagues bringing added experience.

Officials from the Confederation of African Football (CAF) have commended the teams’ efforts, noting that their progress could inspire further investment in grassroots football across the continent. While official reactions from Nigeria’s football authorities were not immediately available, fans across West and North Africa have taken to social media to celebrate the achievements of Morocco and Ghana.

With one group match remaining for each team, analysts say qualification for the knockout stage is now within reach if current form continues. The prospect of multiple African nations making it to the round of 16 would mark a new chapter for African football on the global stage.

Source: https://www.premiumtimesng.com/news/top-news/890043-world-cup-2026-morocco-ghana-lead-as-africa-eyes-record-breaking-knockout-stage-representation.html

Continue Reading

Nigeria News (Standard)

CISLAC, Transparency International Condemn UK Court’s Acquittal of Diezani in London Graft Case

Anti-corruption groups warn verdict could weaken Nigeria’s fight against high-profile financial crimes; call for stronger international collaboration

Published

on

Anti-corruption groups warn verdict could weaken Nigeria’s fight against high-profile financial crimes; call for stronger international collaboration

Civil Society Legislative Advocacy Centre (CISLAC) and Transparency International have openly criticised the recent verdict of a United Kingdom court that acquitted former Petroleum Minister Diezani Alison-Madueke of corruption charges. The judgment, delivered in London on Tuesday, has sparked reactions from anti-graft campaigners in Nigeria who believe the outcome may undermine the country’s efforts to tackle high-profile economic crimes.

The UK court decision followed months of legal proceedings in which Alison-Madueke was accused of accepting bribes and misusing her official position during her tenure as minister. With the acquittal, CISLAC and Transparency International have expressed concern that the verdict sets a negative precedent and could embolden individuals involved in corrupt practices within Nigeria and abroad.

Both organisations argued that Diezani’s case is of significant interest to Nigerians given its implications for accountability in the oil and gas sector. They noted that many Nigerians view robust prosecution of former public officials as crucial for restoring confidence in government institutions. According to CISLAC, the ruling highlights persistent gaps in international cooperation on asset recovery and prosecution of cross-border corruption cases.

In separate statements issued after the judgement, CISLAC and Transparency International called on Nigerian authorities to intensify local investigations into allegations involving former ministers and other senior officials. The groups also urged both Nigerian and UK governments to strengthen frameworks for mutual legal assistance and ensure that justice is served regardless of jurisdiction.

As Nigerians continue to demand greater transparency in public office, civil society groups say they will monitor ongoing efforts by anti-graft agencies to pursue outstanding cases linked to major oil sector scandals. Stakeholders warn that without strong collaboration between Nigeria and international partners, prosecuting complex financial crimes may remain an uphill task.

Source: https://www.premiumtimesng.com/news/headlines/890038-cislac-transparency-international-fault-uk-court-verdict-acquitting-diezani.html

Continue Reading

Nigeria News (Standard)

Champion Breweries Appoints New Managing Director in Akwa Ibom

Company announces leadership change as part of ongoing efforts to boost operations and shareholder value in South-South Nigeria

Published

on

Company announces leadership change as part of ongoing efforts to boost operations and shareholder value in South-South Nigeria

Champion Breweries Plc, located in Uyo, Akwa Ibom State, has announced the appointment of a new managing director. The decision was made public on Tuesday, 23 June 2026, as part of the company’s latest drive to strengthen its executive leadership and enhance operational efficiency.

The board of directors confirmed the leadership change during a corporate meeting held at the company’s headquarters in Uyo. Details regarding the identity of the new managing director and terms of appointment were not immediately disclosed at the time of announcement. However, sources within Champion Breweries indicated that this move is aimed at repositioning the brewery for better performance in Nigeria’s competitive beverage sector.

Champion Breweries has faced mounting pressure in recent years due to shifting consumer preferences and rising production costs affecting breweries nationwide. With this new appointment, stakeholders are optimistic that the company will implement fresh strategies to improve market share and profitability amid economic headwinds.

The company’s board assured shareholders and customers that business operations would continue without disruption. They expressed confidence that the new managing director will bring renewed vision and drive for sustainable growth. As at press time, further details on the incoming executive’s background and immediate plans were yet to be released.

Source: https://www.premiumtimesng.com/business/business-news/890036-champion-breweries-appoints-new-managing-director.html

Continue Reading