The Federal Competition and Consumer Protection Commission (FCCPC) has directed all digital lending operators in Nigeria to fully comply with the new Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025 by January 5, 2026.
The regulation, which took effect on July 21, 2025, aims to clean up Nigeria’s digital lending space after years of complaints about data abuse, unauthorized deductions, and borrower harassment. The Commission also released fresh compliance guidelines, including updated documentation requirements and revised Forms 1 and 3, developed following industry feedback.
FCCPC Executive Vice Chairman, Tunji Bello, said operators have had “ample time” to adjust and warned that enforcement will begin immediately after the deadline. Non-compliant lenders risk being barred from operating, while their partners may also be ordered to cease engagements.
Pending applications will continue to be processed, and operators can access all forms and FAQs via the FCCPC website.
