Finance companies in Nigeria are specialized financial institutions licensed by the CBN to provide financial services to individual consumers, and industrial, commercial or agricultural enterprises. These services include providing consumer loans, car finance, funds management, asset finance, project finance, local and international trade finance, debt factoring, debt securitization, debt administration, financial consultancy, loan syndication, warehouse receipt finance, covered bonds and issuing vouchers, coupons, cards and token stamps.

Finance companies borrow money from sources such as the CBN and commercial banks at a low-interest rate and lend it at a higher interest rate. This is the reason the interest rates charged by finance companies are higher than the interest rates charged by banks. Companies and individuals turn to finance companies when they don’t qualify for bank loans. The functions of finance companies are to offer both unsecured and secured loans to individuals and companies.

Top Finance Companies In Nigeria

  1. Aquila Leasing Limited
  2. Crownwise Finance & Investment Limited
  3. De-Real People Finance Limited
  4. Dignity Finance And Investment Limited
  5. Dominion Trust Limited
  6. Dynamics Portfolio Limited
  7. Finance And Commercial Services Limited
  8. Financial Derivatives Co. Ltd
  9. First Marina Trust Limited
  10. First Spring Finance Limited
  11. Fundsworth Limited
  12. C & I Leasing Limited
  13. Grand Treasurers Limited
  14. Capital Bancorp Limited
  15. Capri-Martins Finance Limited
  16. Cash Links Finance & Investment Limited
  17. Cfs Financial Services Limited
  18. Co-Links Investments Limited
  19. Consumer Investment Limited
  20. Core Capital Finance Limited

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