FCCPC Compliance Deadline – Implications For Digital Money Lenders

1. Introduction

The Federal Competition and Consumer Protection Commission (the "Commission") is responsible for the administration and enforcement of the Federal Competition and Consumer Protection Act 2018 (the "FCCPA" or the "Act"). In carrying out its mandate, the Commission contributes to Nigeria's economic development by safeguarding consumer rights, promoting competitive markets, and enforcing the provisions of the Act and any subsidiary legislation made pursuant thereto.

In July 2025, the Commission, pursuant to Section 17, 18 & 163 of the Act, introduced the Digital, Electronic, Online, or Non-traditional Consumer Lending Regulations 2025 (the "Regulations"), establishing a regulatory framework for the provision of digital and electronic consumer lending services in Nigeria.