Overview
CreditRegistry is Nigeria’s largest credit bureau and industry pioneer, serving members since 2003, fully licensed and regulated by the Central Bank of Nigeria. The platform connects consumers, lenders, and businesses by providing comprehensive credit information services that facilitate trust and enable better financial decision-making.
CreditRegistry offers credit reports, SMARTScore ratings (0-900 range), Know Your Customer (KYC) services, and portfolio monitoring for both individual consumers and businesses. The platform serves millions of Nigerians and works with major financial institutions, including Zenith Bank, TAJBank, and LAPO Microfinance.
Key Features
Credit Reports
Comprehensive credit history and account summaries
SMARTScore V3
Proprietary credit scoring system ranging from 0-900 based on creditworthiness analysis
CreditConnection Portal
Consumer-facing platform for credit monitoring
KYC Services
Identity verification and customer assessment tools
Portfolio Monitoring Reports (PMR)
Industry exposure analysis for lenders
Dud-Cheque Information Manager (DIM)
Compliance tool for CBN regulations
Credit Alerts & Monitoring
Real-time notifications on credit changes
Dispute Resolution Services
Assistance with credit report corrections
Pros & Cons
Advantages
- CBN-licensed and regulated
- Largest credit bureau in Nigeria
- Free annual credit report available
- Comprehensive 0-900 credit scoring
- Strong industry partnerships
Limitations
- Limited mobile app availability
- Some customers find the fees high
- API access can be complex
- Limited international credit data
- Web-based platform dependency
Security Features
Regulatory Compliance: Fully licensed and supervised by the Central Bank of Nigeria
Data Protection: Strict consent requirements for credit information access
Access Control: Only subscribed businesses that accept governing laws can access credit information
Industry Standards: Partnerships with major banks indicate compliance with banking security protocols
Consumer Rights: Built-in dispute resolution mechanisms for data accuracy
Privacy Controls: User consent required for all credit information sharing
Pricing & Fees
| Service | Fee | Details |
|---|---|---|
| Basic Credit Report | Free (Annual) | One free basic credit report per year |
| Premium Credit Report | ₦2,000 - ₦3,500 | Detailed credit history with SMARTScore |
| CreditConnection Membership | ₦1,500/month | Credit monitoring and alerts |
| KYC Services | ₦500 - ₦1,000 | Identity verification per request |
| Dispute Resolution | ₦2,000 - ₦5,000 | Professional dispute assistance |
| Business Reports | ₦5,000+ | Corporate credit analysis |
Getting Started
Detailed Ratings
Final Verdict
As Nigeria’s largest and pioneering credit bureau with over 20 years of experience, CreditRegistry offers essential financial services for both consumers and businesses. Despite some pricing concerns, its CBN licensing, comprehensive features, and strong industry partnerships make it indispensable for Nigerian credit management.