FCCPC Moves Against Non-Compliant Digital Lenders
By Oluwakemi Kindness The 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 Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations). The FCCPC’s Executive Vice Chairman and Chief Executive Officer, Tunji Bello, said the compliance window […]
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 […]
FCCPC Shuts Down Five Kano Textile Warehouses over Deceptive Trade Practices
By Oluwakemi Kindness The Federal Competition and Consumer Protection Commission (FCCPC) has sealed the warehouses of five major textile distributors in Kano over alleged deceptive trade practices involving the sale of underweight and shortened fabrics to unsuspecting consumers. A statement issued on Wednesday by Ondaje Ijagwu, Director, Corporate Affairs, FCCPC, says the enforcement operation, led […]
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. […]
Banking, Fintech Complaints Top as FCCPC Recovers ₦10bn
By Oluwakemi Kindness The Federal Competition and Consumer Protection Commission (FCCPC) has disclosed that Nigerian consumers recovered more than ₦10 billion between March and August 2025. This comes as banking and fintech services emerged as the leading sources of consumer complaints. According to updated data released by the Commission on Thursday, banking accounted for 3,173 […]