The Federal Competition and Consumer Protection Commission (FCCPC) has announced January 5, 2026, as the deadline for the full implementation of the Digital, Electronic, Online, and Non-Traditional Consumer Lending Regulations, 2025.
The new regulations, which came into effect on July 21, 2025, under the Federal Competition and Consumer Protection Act (FCCPA) 2018, are designed to promote fairness, transparency, and accountability in Nigeria’s rapidly expanding digital lending sector.
The Executive Vice Chairman of the FCCPC, Mr. Tunji Bello, stated that the implementation of these rules was not only a legal obligation but also a critical step toward protecting consumers and ensuring sustainable growth within the digital finance ecosystem.
“Operators have been given ample time to adjust to the new regulations and the additional guidance provided. Enforcement will commence immediately after the deadline,” Bello said.
He added that the Commission would impose strict sanctions on non-compliant operators, including restricting their ability to operate, directing digital platforms or partners to cease dealings with consumers, and applying other penalties permitted under the law.
Bello reaffirmed the FCCPC’s commitment to promoting responsible digital lending practices that safeguard consumer interests while fostering confidence and innovation in Nigeria’s financial technology industry.
“Our goal is to ensure that digital lending in Nigeria remains fair, transparent, and accountable, so that consumers can borrow safely and confidently,” he concluded.
