Nigeria enforces digital lending regulations
Analysis based on 10 articles · First reported Jan 21, 2026 · Last updated Jan 22, 2026
The enforcement actions by the Nigeria — Federal Competition and Consumer Protection Commission are expected to bring discipline and transparency to Nigeria's digital lending market, potentially benefiting compliant operators and protecting consumers. This could lead to a more stable and trustworthy environment for financial technology investments in Nigeria.
The Nigeria — Federal Competition and Consumer Protection Commission (Nigeria — Federal Competition and Consumer Protection Commission) in Nigeria has commenced phased enforcement measures against Digital Money Lending (DML) operators who failed to regularize their status by the January 5, 2026 deadline, in accordance with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations). Led by Executive Vice Chairman and CEO Tunji Bello, the Nigeria — Federal Competition and Consumer Protection Commission has withdrawn conditional approvals and removed non-compliant operators from its public register. The objective is to promote discipline, transparency, and consumer confidence in Nigeria's digital lending space, which has seen rapid growth but also issues like excessive interest rates and data privacy violations. The Nigeria — Federal Competition and Consumer Protection Commission is also engaging with application hosting platforms and payment service providers and has set an April 2026 deadline for provisionally eligible operators to complete their registration.
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