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The Commission will be engaging approved loan apps concerning a more robust compliance framework where applicable

The Federal Competition and Consumer Protection Commission (FCCPC) has announced plans to release fresh regulations to tackle the increasing level of indebtedness to digital money lenders (DMLs) by borrowers. | Pulse Nigeria

In a conversation with Funsho Akinwumi, Deputy CEO of Renmoney, a prominent banking and lending platform in Nigeria, we delved into Nigeria's lending infrastructure and space.

  The Federal Competition and Consumer Protection Commission (FCCPC) has revealed that it has registered and approved 211 loan apps, by the end of October 2023. The commission, in a statement over the weekend, said the 211 companies comprise 172 that have received full approval from it and 39 others with conditional approval. Daily Trust…

The Federal Competition and Consumer Protection Commission, FCCPC, says it has registered and approved 211 digital loan apps at the end of October 2023.

The number of digital lenders licensed to operate in Nigeria has risen to 211 based on new data from the Federal Competition and Consumer Protection Commission.  

The federal government  through the Federal Competition and Consumer Protection Commission (FCCPC) has registered and approved 211 loan apps, at the end of

The Nigerian government has delisted 37 suspicious loan apps, according to the Federal Competition and Consumer Protection Commission’s new report. The number of fully approved loan apps also grew to 164 from 154 as of its last updates from the FCCPC website on Monday. Meanwhile, the number of loan apps with conditional approval declined to 38 from 40, and the number of apps on the commission’s watchlist grew to 56 from 20. This followied a sustained shakeup of the digital money lending spac...

The Federal Government on Monday, through the Federal Competition and Consumer Protection Commission delisted 37 more illegal loan apps.

The Federal Competition & Consumer Protection Commission (FCCPC) has delisted over 18 digital money lending companies from Google. FCCPC on behalf of