From Help to Harm: Loan apps exploit economic crisis to defraud, harass Nigerians The proliferation of loan apps in Nigeria has brought with it a quick, accessible way for people to borrow money. Still, it has also introduced outrageous, exploitative practices in the form of high interest rates. Loan apps are gaining momentum as desperate Nigerians turn to them for quick cash because of the challenging financial situation and minimal access to other means of financing. Unemployment, inflation and the cost of living have all risen sharply in recent years in Nigeria, fuelling a...