FCCPC Sets Deadline for Digital Lenders to Comply With New Regulations in Nigeria

The Federal Competition and Consumer Protection Commission (FCCPC) in Nigeria has mandated digital lenders to achieve full compliance with new consumer lending regulations by January 5, 2026. The regulations, effective since July 21, 2025, aim to promote fairness and transparency in the digital lending sector.

The FCCPC has issued guidelines outlining compliance steps for lenders, emphasizing the importance of consumer protection and trust in Nigeria's lending ecosystem. Failure to comply by the deadline may result in operational restrictions or legal sanctions.

Tunji Bello, the Executive Vice Chairman of FCCPC, highlighted the significance of compliance to protect consumers and ensure responsible sector growth.