Nigeria: Federal Competition and Consumer Protection Commission released a list including conditionally and fully approved companies and their associated digital money lending apps

On 4 August 2023, the Federal Competition and Consumer Protection Commission (FCCPC) released a list including conditionally and fully approved companies and their associated digital money lending apps. This list is part of the ongoing efforts by the Joint Regulatory and Enforcement Task Force (JRETF) to investigate potential violations of privacy and other consumer rights by Digital Money Lenders (DMLs). The FCCPC has resumed the registration process under the Limited Interim Regulatory Framework and Guidelines for Digital Lending 2022, aiming to ensure compliance and protect consumers.