CRC Credit Bureau Limited, a private limited liability company duly incorporated and licensed under the laws of the Federal Republic of Nigeria was established by a consortium of Eleven (11) leading Financial Institutions and Dun & Bradstreet (a leading global credit information service provider) with the purpose of creating and operating a consumer and corporate Credit Bureau in Nigeria. Operating as an independent venture, CRC Credit Bureau Limited provides an industry-wide information repository on credit profiles of corporate entities as well as consumers, thus improving the ability of credit providers to make informed lending decisions. We are the leading credit bureau company in Nigeria with credit information of over 95% of the Nigerian lending industry covering commercial banks, non-bank institutions, retailers & utility service providers. Access to our credit information database enables creditors and other lending institutions extend credit to existing and new customer segments while taking advantage of our technology driven product offerings to develop new credit products
CR Services was incorporated in Nigeria in January 2003. Later that year, the credit bureau database went live with two Nigerian banks and CR Services was selected as technical partner to the Credit Risk Managers Association (CRIMA) — the largest association of risk managers in Nigeria. This partnership led to a three-month Technical Evaluation of CR Services by the Risk Management and IT staff of about 50 banks. An overwhelming majority (94%) approved of the service, commending its ease of use and unique biometric advantages
FirstCentral Credit Bureau Limited is Nigeria’s first licensed credit bureau. The company was incorporated as XDS Solutions Limited in May, 2005 with RC. No 623, 894 and having satisfied the conditions for the grant of a credit bureau license under the Central Bank of Nigeria Act, No. 7 of 2007, was granted final operating license on the 28th of May 2009 to operate a credit bureau in Nigeria.
FirstCentral Credit Bureau changed its name from XDS Credit Bureau to FirstCentral Credit Bureau in April 26, 2018.