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Digital loan sharks prey on inflation-hit Nigerians
Digital loan sharks prey on inflation-hit Nigerians
Economy
by  AFP

Cash-strapped and in dire need of 30,000 naira (about $20), Mariam Ogundairo turned to a loan app, downloading it and registering her phone number. An increasing number of Nigerians have turned to personal loans following reforms by President Bola Tinubu to shock the country's moribund economy and remove costly subsidies.