The story of CreditRegistry began back in 2001 when our founder, inspired by his personal experience and the affluence afforded to the everyday person in the United States, decided to introduce a similar system to citizens in his home country to enable them to benefit from easy access to consumer credit to help improve their lives. 

His desire led him to discover the role that credit bureaus play to help financial institutions make credit more available to consumers and small businesses. Credit bureaus underpin widespread credit availability, and research shows that credit leads to more spending, increased economic activity, and increases a country’s GDP and economic growth. In 2003, CreditRegistry subsequently laid the foundation for large-scale consumer and small business lending in Nigeria and continues to foster and promote a culture of accountability with credit. As the pioneer credit bureau in the country, our innovations bring revolutionarily change to the way lending is done in an emerging market like Nigeria. Today, lenders utilize data and analytics from CreditRegistry to make risk management decisions – this is a global best practice that we introduced locally, and is now a regulatory requirement and act of law in Nigeria. According to the Central Bank of Nigeria's (CBN) annual credit statistics, Nigerian banks’ disbursement of Credit to Private Sector (CPS) has seen an increase of 2,111% since the establishment of private credit bureaus in 2003. CPS was N26.60 trillion as at Dec 2019 against N1.26 trillion as at December 2003 (our first year of operation). CreditRegistry is privileged to pioneer and drive this fundamental change. CreditRegistry continues to lead as it pioneers new solutions to help not only lenders but businesses of all types, to manage risk and increase reward.