Ascensia Finance Disburses N1.2bn in First Anniversary

Ascensia Finance marked its first anniversary by disbursing N1.2 billion in loans to 300 customers, emphasizing its role in expanding financial access for small businesses and entrepreneurs amid economic challenges. The company commenced operations in Abuja in July 2025, following the Central Bank of Nigeria's approval of its license in April.

Mr. Jude Chuka Ezeamii, the Managing Director and Chief Executive Officer, stated that Ascensia is committed to building a strong digital infrastructure to support responsible lending and financial inclusion.

The lender focuses on providing tailored financial solutions through technology-driven channels, including retail lending, SME financing, and microcredit. Despite achieving this milestone, Ezeamii acknowledged ongoing operational difficulties, including inflation and rising transport costs, which affect consumer purchasing power and business credit expansion.

Ascensia plans to deepen its responsible lending practices and expand its digital platform to improve loan processing times and collaborate with institutions like SMEDAN and BOA to broaden financial access for micro, small, and medium enterprises.