Ascensia Finance Celebrates Successful First Year in Nigeria

Jude Ezeamii, the Managing Director of Ascensia Finance Company Limited, stated that the company has established a strong presence in Nigeria's financial services sector one year after its inception. He credited the growth to a robust digital footprint and customer goodwill, despite challenging economic conditions.

At the company's first anniversary Business Dinner, Ezeamii reported that Ascensia has grown to over 300 customers and has assets exceeding ₦1 billion. He emphasized the importance of customer accessibility and the role of a motivated workforce in achieving these milestones.

Ezeamii explained that the company's lending decisions are based on cash flow and the purpose of loan requests. Looking ahead, Ascensia aims to deepen its presence across Nigeria, enhance its digital finance offerings, and strengthen capital partnerships over the next five years.

Dr. Abiodun Akanbi from Abuja Investment Company and Zainab Ibrahim from Nigeria Credit Guarantee Company also discussed the importance of lending discipline and credit infrastructure for MSMEs.