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Digital Lending

FCCPC’s New Rule on Loan App Interest Rates Unsettles Nigeria’s Digital Lenders

Nigeria’s digital lending industry has been thrown into fresh uncertainty following a new directive by the Federal Competition and Consumer Protection Commission (FCCPC), which seeks to regulate interest rates charged by loan apps. The Commission, through its Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations, 2025, announced that it will now periodically monitor the interest…

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