30 results
- 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…
- 29 Aug 2025
FirstBank’s ₦1 Trillion Digital Lending Milestone: A New Era of Inclusive Finance
For decades, Nigeria's credit system posed significant challenges for small businesses and low-income earners, who often struggled to qualify for loans. Traditional banks demanded collaterals,…
- 18 May 2025
MTN’s Digital Lending Arm Disburses $592m Loans in Q1
MTN’s BankTech platform disbursed $592 million in loans during the first quarter of 2025, setting a new record for the telecom operator’s digital lending business since its launch in August 2023. MTN…
- 12 Nov 2021
NITDA Inks MoU with FCCPC to Tackle Data Privacy Abuse by Money Lending Operators
The National Information Technology Development Agency (NITDA) has entered into a strategic partnership with the Federal Competition and Consumer Protection Commission (FCCPC) to address the…
- 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…
- 22 Jan 2026
FCCPC Delists Non-Compliant Digital Lenders Post-January 5 Deadline
Federal Competition and Consumer Protection Commission (FCCPC) has commenced enforcement actions against Digital Money Lending (DML) operators that failed to regularise their operations under the…
- 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…
- 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…
- 20 Feb 2020
SystemSpecs Hosts ICT Stakeholders @ Social Media Week
To deepen digital lending opportunities and further empower individuals and SMEs in Nigeria, SystemSpecs, a leading provider of financial technology and human capital management solutions and…
- 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…
- 30 Jul 2024
Access Bank Revamps QuickBucks, Disburses N740Bn Digital Loans in 7 Years
Access Bank has revamped its digital loan platform ’QuickBucks’, to boost lending across Nigerian consumers. The bank said customers can access the bank’s digital loans for businesses, vehicle…
- 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…
- 28 Dec 2023
FG to Issue Fresh Regulations for O-pay, Moniepoint, Others in 2024
Federal Competition and Consumer Protection Commission, FCCPC, has disclosed that it would release more regulations for operators in the digital lending space in 2024 to improve loan recovery methods…
- News3 Sept 2026
AfDB, AXIAN Launch Digital Finance Programme to Support Women-led Businesses in Africa
AXIAN Group and the African Development Bank have launched a major women’s financial inclusion programme to expand access to finance and business support for more than 34,000 women-led enterprises in five African countries.
- 8 Feb 2022
Visa Everywhere Initiative 2022 Invites Fintech, Payment Startups to Showcase on a Global Stage
The Visa Everywhere Initiative (VEI), a global open innovation program is inviting fintech and payment startups to showcase their innovative products and solutions, with finalists gaining firsthand…
- 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…
- 21 Jul 2023
We're Working with Govt Agencies to Protect Nigerians from Unsolicited Phone Calls by Digital Loan Apps - Olatunji NDPC Boss
Nigeria Data Protection Commission (NDPC) has said that it’s working with other governments agencies to ensure that it protect Nigerians from unsolicited phone calls by digital lending apps, also…
- 25 Jul 2018
CBN Mulls New Credit Mechanism for Real Sector @ Single Digit
To encourage banks to give credit to the real sector of the economy, at single digit rates, the Central Bank of Nigeria (CBN), has offered to complement the effort of Deposit Money Banks (DMBs)…
- 4 Apr 2024
NDPC Investigating over 400 Cases of Loan App Privacy Breaches
Nigeria Data Protection Commission (NDPC) has launched investigations into more than 400 cases of privacy breaches involving digital lenders, commonly known as loan apps. This move comes amid rising…
- 27 Jan 2025
PalmPay is not a Loan App, says MD
PalmPay, a Mobile Money Operator and digital payment platform has reaffirmed its role as a mobile payment provider, correcting the insinuation that it is a loan App. Chika Nwosu, Chief Executive…
- 10 Apr 2022
FCCPC to Institute Criminal Prosecution Against Online Money Lenders
Federal Competition and Consumer Protection Commission (FCCPC) has stated that due to the ongoing investigation of unregistered loan apps and harassment of defaulting customers, it will proceed with…
- 13 Jul 2022
IFC, Orange Bank Africa Partner to Support Digital Finance Services in West Africa
To support the growth of digital finance services in West Africa, IFC announced a partnership with Orange Bank Africa (OBA) to increase access to finance for agents and merchants operating in the…
- 1 Dec 2025
Yuletide: Banks’ CEOs Says There Will Be Steady Cash Supply
Oliver Alawuba, group managing director, United Bank for Africa and also chairman the Body of Bank CEOs, has assured banks’ customers of a steady cash supply across all branches and restated that the…
- 5 Sept 2024
Trump's Crypto-business: What Does it Portend for American People if he Wins the Election?
Donald Trump is promising to make America the "crypto capital of the planet" if he returns to the White House. While he runs for president, Trump has launched a new venture to trade cryptocurrencies…
- 20 Jan 2022
P2Vest, Nigerian Fintech Firm Records 100,000 Users on its Platform
P2vest Technology Limited, on Thursday announced that its peer-to-peer lending application, P2Vest has hit 100,000 users with access to quick loans. Austin Abolusoro, founder and CEO, P2vest…
- 5 Apr 2022
Loan Sharks Agree to Stop Threatening, Defaming Defaulters
Babatunde Irukera, executive vice chairman and chief executive officer, Federal Competition and Consumer Protection Commission (FCCPC), has said that some of the money lenders under investigation, or…
- 29 Mar 2022
Tingo Mobile Develops Multiple Payment Financial App for SMEs
A financial technology company, Tingo Mobile Plc, has unveiled a multiple payment financial application for Small and Medium Enterprises and other customers of Deposit Money Banks. Speaking at the…
- 29 Jun 2021
Carbon Teams Up With Visa to Enable Payments Across Africa
Carbon , a pan-African fintech company providing access to basic financial services for Africans, Tuesday announced a strategic five-year partnership with Visa, the world leader in digital payments,…
- 29 Jun 2021
Carbon, Visa Partner to Enable Payments Across Africa
Carbon, a pan-African fintech company providing access to basic financial services for Africans, has announced a strategic five-year partnership with Visa, the world leader in digital payments, to…
- 2 Mar 2021
Onebank Introduces Ajo Scheme for Big-Ticket Savings through Peers
Sterling Bank Plc has added rotation savings and peer-to-peer lending feature to the available options on OneBank, its digital banking platform. The new feature, known as Ajo Scheme, is the digital…