Nigeria: Digital, Electric, Online, or Non-Traditional Lending Regulations including business registration requirement enters into force
Description
Digital, Electric, Online, or Non-Traditional Lending Regulations including business registration requirement enters into force
On 5 January 2026, the Digital, Electric, Online, or Non-Traditional Lending Regulations enter into force. The Regulations apply to all lenders and providers (including their partners and collaborators) offering unsecured digital or electronic loans…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), other service provider
Implementation Level
national
Government Branch
executive
Government Body
competition authority