The Federal Competition and Consumer Protection Commission (FCCPC) has announced January 5, 2026, as the deadline for all digital lending platforms and intermediaries in Nigeria to fully comply with the country’s new consumer lending regulations.
According to the Commission, the new framework aims to ensure fairness, transparency, and accountability within Nigeria’s rapidly expanding digital lending ecosystem. It also seeks to protect borrowers from unethical practices, such as predatory interest rates, unauthorized data sharing, and public shaming by loan apps.
The FCCPC emphasized that only platforms that meet the stipulated compliance standards will be allowed to continue operations beyond the deadline, noting that violators risk sanctions, suspension, or permanent delisting from the official register of approved digital lenders.
“Our goal is to build a safe, transparent, and sustainable digital lending market that balances innovation with consumer protection,” the statement read.
This move follows growing concerns over unethical lending practices in Nigeria’s fintech sector, which has seen a surge in new players amid rising demand for quick loans.