Navigating Predatory Loan Apps in Nigeria

In this episode, long-time FT China correspondent James Kynge travels to Lagos to hear about the success of Chinese-backed companies in Nigeria – and some of the looming concerns. We hear about Transsion, a massive Chinese mobile phone company that perfected its business model in the street markets of Nigeria, and the Chinese-owned online lending apps that are facing scrutiny from regulators. James speaks to Yang Wang, senior analyst at Counterpoint Research, Babatunde Irukera, former director-general of Nigeria’s Consumer Protection Council, Adedeji Olowe, board chair at Paystack, and Moses Nmor, co-founder of BFREE Africa.

Presented by James Kynge. Edwin Lane is the senior producer. The producer is Josh Gabert-Doyon. The executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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