ADVERTISEMENT
TechEconomy
Saturday, May 24, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » FCCPC Approves 173 Digital Lenders

FCCPC Approves 173 Digital Lenders

Justice Godfrey Okamgba by Justice Godfrey Okamgba
April 4, 2023
in Finance
0
Digital Lenders

RelatedPosts

fake Naira notes in circulation | Bonds

FG to Auction N300 Billion Bonds May 26

May 23, 2025

How Stanbic is Assisting Customs Streamline B’Odogwu adoption

May 23, 2025

The Federal Competition and Consumer Protection Commission (FCCPC) has approved the operation of 173 digital lending applications in Nigeria.

The move is expected to further improve the regulatory environment for digital lending in Nigeria.

119 have full approvals, while the remaining 54 have conditional approvals. The move follows the FCCPC’s registration drive to protect citizens from the unsavory practices of loan apps.

The governing body issued a document titled “Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending 2022” to regulate the digital lending space and make registration and approval mandatory for firms wanting to operate in the industry.

The FCCPC has now released a list of approved loan apps that can operate in the country. Companies without approval will not be able to operate in the digital lending space.

Recall that Google had also taken action to enforce regulatory compliance, removing unapproved loan apps from its Play Store in Kenya in March.

In August 2022, the FCCPC said, “In addition to the enforcement action(s) and in furtherance of the desire to promote fair, transparent, and mutually beneficial alternative lending opportunities apart from traditional lending to consumers, the inter-agency Joint Regulatory and Enforcement Task Force has developed and mutually adopted a Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending, 2022, as the first and interim step to establishing a clear regulatory framework.

“This becomes enforceable immediately. It requires permission to proceed in digital lending; it provides a limited moratorium period for existing businesses to comply to continue in digital lending.

“The guidelines also mandate different service providers in the relevant ecosystem (such as banks, access/download platforms or stores, technology providers and payment systems) to require regulatory approval before providing services.”

In February 2023, the Nigeria Data Protection Bureau revealed that a national committee made up of federal agencies was working to curb the activities of illegal loan apps in the country.

Loading

Advertisements
MTN ADS

Author

  • Justice Godfrey Okamgba
    Justice Godfrey Okamgba

    View all posts
0Shares
Tags: Digital Lenders
Previous Post

Voting for Africa’s Beacon of ICT Merit and Leadership Awards Opens

Next Post

NESG, FCDO to Strengthen Nigeria’s Digital Ecosystem

Justice Godfrey Okamgba

Justice Godfrey Okamgba

Related Posts

fake Naira notes in circulation | Bonds
Finance

FG to Auction N300 Billion Bonds May 26

by Latifat Fashina
May 23, 2025
0

The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria, has announced plans to auction N300 billion...

Read more
'Odogwu Platform by Customs

How Stanbic is Assisting Customs Streamline B’Odogwu adoption

May 23, 2025
Nigeria and USD, Nigerian Banking System - Naira

Naira Dips Slightly to N1,585/$1 in Official Market

May 23, 2025
AMCON board

Improve Debt Recoveries, Finance Minister Charges New AMCON Board

May 22, 2025
AMCON board

FG Inaugurates New AMCON Board to Enhance Asset Recovery

May 22, 2025
Lenovo Profit Drops 64%

Lenovo: Profit Drops 64%, Revenue Beats Forecasts

May 22, 2025
Next Post
Digital Ecosystem

NESG, FCDO to Strengthen Nigeria's Digital Ecosystem

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.