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🇳🇬 Nigeria /Economy & Trade

Alert Group Eyes N180bn Loan Disbursement in 2026 After Securing National License

From ThisDay · (1d ago) English Positive tone

Translated from English, summarized and contextualized by DistantNews.

TLDR

  • Alert Group plans to increase loan disbursement to N180 billion by 2026, up from N130 billion in 2025, after obtaining a national license from the Central Bank of Nigeria.
  • The company aims for total assets of N250 billion by the end of 2026 and plans to open at least 15 new branches nationwide to serve a broader customer base, particularly SMEs.
  • In its first quarter, Alert Group reported strong performance with total assets growing to N90 billion, gross loans to N64 billion, and shareholders' funds to N7.7 billion, while launching a new savings and investment app called Goldbucks.

ThisDay is pleased to report on Alert Group's significant stride in the Nigerian financial sector. The acquisition of a national license from the Central Bank of Nigeria is a landmark achievement, paving the way for the company's ambitious expansion plans.

We are targeting total assets of N250 billion by the end of 2026, a significant leap from its current position.

— Dr. Olarewaju KazeemOutlining the organization's strategic direction and financial targets.

Group Chief Executive Officer, Dr. Olarewaju Kazeem, articulated a vision that extends beyond mere growth. The target of N180 billion in loan disbursement by 2026 and total assets of N250 billion demonstrates a commitment to deepening financial inclusion, especially for micro, small, and medium enterprises. This expansion, marked by the planned opening of 15 new branches, is not just about increasing market share but about stimulating economic activity and creating vital employment opportunities across Nigeria's six geopolitical zones.

the national licence by CBN, which required the company to increase its shareholders’ funds to over N5 billion, removes previous geographic limitations and positions the bank to expand its footprint nationwide.

— Dr. Olarewaju KazeemExplaining the significance of the national license obtained from the Central Bank of Nigeria.

The group's robust first-quarter performance, with substantial increases in assets, loans, and shareholders' funds, underscores the confidence investors have in Alert Group's strategy. Furthermore, the launch of the Goldbucks savings and investment application signifies a forward-thinking approach to digital transformation, aiming to foster a stronger savings culture among Nigerians and provide accessible wealth-building tools.

the expansion would not only improve access to financial services but also stimulate economic activity and create employment opportunities in host communities.

— Dr. Olarewaju KazeemDescribing the expected impact of opening new branches across the country.

Alert Group's journey, as detailed in our report, highlights the dynamism within Nigeria's financial landscape. The company's strategic moves, supported by a disciplined approach to risk management and a clear digital roadmap, position it as a key player to watch in the nation's economic development.

the group also announced the launch of its savings and investment application, Goldbucks, designed to promote a savings culture and enable users to build wealth through accessible financial products.

— Dr. Olarewaju KazeemIntroducing the new digital platform aimed at enhancing financial habits.
DistantNews Editorial

Originally published by ThisDay in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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