FCCPC Gives Digital Lenders January 2026 Deadline to Meet New Rules
By Oluwakemi Kindness The Federal Competition and Consumer Protection Commission (FCCPC) has announced Monday, January 5, 2026, as the final deadline for all digital money lenders and related service providers to fully comply with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025. The Regulations, which took effect on July 21, 2025, under the […]
Reps Move to Stop Implementation of FCCPC Digital Lending Regulations
By Oluwakemi Kindness The House of Representatives has called for the immediate suspension of the Federal Competition and Consumer Protection Commission’s (FCCPC) Digital, Electronic, Online, and Non-Traditional Consumer Lending Regulations 2025. This follows widespread concerns from key industry stakeholders and was as result of a motion of urgent public importance moved on Tuesday by Hon. […]
New Rule; FCCPC to Fine Defaulting Digital Lenders N100m
By Oluwakemi Kindness Operators of digital lending services in Nigeria now risk fines of up to ₦100 million or 1% of their annual turnover, as well as disqualification of directors for as long as five years. This, is if they fail to comply with the new Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (DEON […]