Nigerian Govt Issues Regulations for Digital Money lenders,...

Loan apps: FCCPC begins enforcement of regulations to curb harassment and data violations

The Federal Competition and Consumer Protection Commission (FCCPC) has commenced the enforcement of the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (2025). The regulation aims to address the unruly debt recovery process of loan apps and their frequent violations of data privacy. The move comes weeks after the regulation was issued to the public. In a statement released via its X page (formerly Twitter), the commi…

Nigerian Govt issues regulations for digital money lenders,...

The Nigerian government has unveiled the Electronic, Online, or Non-Traditional Consumer Lending Regulations (Consumer Lending Regulation) 2025, which addr... #business, #topheadlines, #nigeria, #ondajeijagwu, #flyingeze

FCCPC To Sanction Digital Lenders N100m For Abusive Loan Recovery Tactics

The Federal Competition and Consumer Protection Commission has officially issued the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (DEON Consumer Lending Regulation), 2025, to address longstanding consumer complaints and a variety of issues. These include exploitative practices, data privacy violations, abusive loan recovery tactics, harassment, and anti-competitive behaviour by certain digital lenders and their pa…

FCCPC commences ‘N100 million sanction rule’ against Non-Compliant Digital Lending Operators in Nigeria

The Federal Competition and Consumer Protection Commission (FCCPC) has announced the official commencement of the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (DEON Consumer Lending Regulation), 2025, which aims to impose a N100 million sanction on non-compliant Digital Lending operators in Nigeria. This development, announced in a press release by the FCCPC on Wednesday, […] The post FCCPC commences ‘N100 million…