The rapid expansion of digital lending platforms in Nigeria has significantly improved access to short-term consumer credit. However, it has also generated sustained regulatory concern regarding opaque pricing, aggressive debt recovery practices, data misuse and weak underwriting models.
In response to these developments, and pursuant to its mandate under the Federal Competition and Consumer Protection Act, 2018 (the “FCCPA”), the Federal Competition and Consumer Protection Commission (the “FCCPC”) issued the Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025 (the “Regulations”).
The Regulations replace the earlier interim framework introduced in 2022, and represent a consolidated regime for non-traditional consumer lending activities in Nigeria including the inclusion of clear operational obligations on lenders and their collaborators.
