FCCPC Demands Digital Lenders Comply With New Regulations by January 5

The Federal Competition and Consumer Protection Commission (FCCPC) has announced Monday, January 5, 2026, as the final date for all digital lending operators in Nigeria to fully comply with the Digital, Electronic, Online, and Non-Traditional Consumer Lending Regulations, 2025.

The regulations, which came into effect on July 21, 2025, under the Federal Competition and Consumer Protection Act (FCCPA) 2018, aim to promote fairness, transparency, and accountability across Nigeria’s rapidly expanding digital lending sector.

To help operators meet these standards, the Commission has issued detailed guidelines that explain required documentation, updated forms, and practical steps for compliance. Lenders and intermediaries can now proactively submit any missing information without waiting for a formal request.

Regulators demand full adherence to new FCCPC rules as Nigeria’s digital lending sector grows rapidly

FCCPC Executive Vice Chairman Tunji Bello stressed the importance of meeting this deadline. He said full compliance is not only a legal requirement but also a crucial step in protecting consumers from unfair practices. “Operators have had enough time to adjust to these regulations. With the additional guidance, we expect all obligations to be met before the deadline,” Bello said.

The timing is critical because Nigeria’s digital lending market has grown fast, but not always fairly. Without proper rules, borrowers risked excessive interest rates, hidden fees, and misuse of personal data. The regulations seek to create a safer environment and restore confidence in the sector.

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Compliance is also expected to strengthen the industry itself. By operating transparently and responsibly, platforms can attract more investment, ensure sustainable growth, and improve credibility in a competitive market.

After January 5, enforcement begins immediately. Non-compliant platforms may face restrictions, legal sanctions, or orders requiring partners to stop working with them. These measures are intended to remove bad actors and protect borrowers.

Operators can access forms, guidelines, and FAQs on the FCCPC website or through nationwide offices. The Commission emphasized its commitment to responsible digital lending practices that balance consumer protection with sector growth.

For fintech users and industry observers, the coming weeks are decisive. How lenders respond will show whether Nigeria’s digital lending ecosystem can continue to grow safely, with accountability and trust at its core.