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 (FCCPC). Of the 211 digital lenders, 172 have full approval, while 39 have conditional approvals. This is a slight increase from the 204 licensed digital lenders as of September. The FCCPC, under its ‘Limited …

The Federal Government has announced the date to recommence Digital Money Lenders’ registration in Nigeria. The Executive Vice Chairman of the Federal Competition and Consumer Protection Commission, Babatunde Irukera, disclosed on Friday noted that the development is coming following the inability or failure of some firms to comply with the previous. Recall that the Commission had, on 14 November 2022, ordered …