7 results
- 9 Dec 2022
FCCPC Extends Registration Deadline for Online Money Lenders
The Federal Competition and Consumer Protection Commission (FCCPC) has extended the deadline for the registration of Digital Money Lenders (DMLs). A statement by Mr Babatunde Irukera, the Chief…
- 26 Dec 2023
FG to Commence New Regulation for Loan Apps in 2024
Federal government has announced that it will implement a new regulatory framework for digital money lenders (DMLs), known as loan apps. Mr Babatunde Irukera, chief executive officer of the Federal…
- 6 Nov 2023
FCCPC Says Licensed Digital Lenders now 211
The number of digital lenders licensed to operate in Nigeria has risen to 211, according to new data from the Federal Competition and Consumer Protection Commission (FCCPC) Pic credit: stears.co Of…
- 3 Sept 2025
Loan Sharks to Face N100m Fine for Consumer Abuse, Data Privacy Breaches
Federal Competition and Consumer Protection Commission (FCCPC) has officially issued the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (DEON Consumer Lending…
- 17 Apr 2023
Google Tightens Rules on Loan Apps, Operators Cry Out
Google, the global search engine, which provides the digital infrastructure, has tightened regulations on Fintech Loan apps by cutting off access to sensitive data including users' contacts, photos…
- 13 Feb 2024
MLA Backs FCCPC over Action on Digital Lending Violation
Money Lenders Association (MLA), has thrown its weight behind the measures taken by the Federal Competition and Consumer Protection Commission (FCCPC), aimed at ensuring ethical conduct in digital…
- 21 Jul 2023
FG Delists Loan Apps, Vows More Clampdowns
Federal Government through the Federal Competition and Consumer Protection Commission has said it will release a list of illegal (unregistered) digital loan apps operating in Nigeria. It also said it…