Nigeria: Federal Competition and Consumer Protection Commission released an updated Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending allowing companies incorporated before April 2023 to register
Description
Federal Competition and Consumer Protection Commission released an updated Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending allowing companies incorporated before April 2023 to register
On 28 July 2023, the Federal Competition and Consumer Protection Commission (FCCPC) released the Limited Interim Regulatory/Registration Framework for Digital Lending in Nigeria during 2022. Digital money lenders must register through a documented p…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
consumer protection authority
Complete timeline of this policy change
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2022-08-26
adopted
2022-12-06
adopted
2023-01-27
adopted
2023-06-09
adopted