The Federal Competition and Consumer Protection Commission (FCCPC) has started enforcing regulations against digital money lenders that failed to comply with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations). Digital lenders had until January 5, 2026, to regularise their operations. Now, the Commission has begun active enforcement. Tunji Bello, FCCPC’s Executive …
The Federal Competition and Consumer Protection Commission (FCCPC) has listed 521 digital lending companies under its regulatory oversight as Nigeria’s digital credit sector faces stricter enforcement. The January 5, 2026, deadline for full compliance with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025 has now passed. Of the 521 companies, 457 have full …
The Federal Competition and Consumer Protection Commission (FCCPC) has warned road transport operators in Nigeria against an arbitrary hike in fares during the Christmas season. The agency said its warning followed several complaints by travellers across the country. In a statement released on Sunday, December 21, signed by Ondaje Ijagwu, Director, Corporate Affairs, FCCPC, it …
The National Agency for Food and Drug Administration and Control (NAFDAC) has announced December 2025 as the final deadline for the total ban on the production and sale of alcoholic beverages in sachets and small glass or PET bottles with a capacity of less than 200 millilitres. According to the Director General, Prof. Mojisola Adeyeye, …
The Federal Competition and Consumer Protection Commission (FCCPC) has described the Central Bank of Nigeria (CBN) policy to ensure banks refund customers for failed automated teller machine (ATM) transactions within 48 hours as timely and long-awaited. In a statement on Monday, October 13, the commission vowed to work closely with the CBN to enforce compliance …
The Federal Competition and Consumer Protection Commission (FCCPC) has withdrawn the criminal charge filed against MultiChoice Nigeria Limited and its top executives following an amicable settlement between both parties. FCCPC’s counsel, Daniel Amadi, informed Justice James Omotosho of the Federal High Court that the commission had filed a notice of withdrawal on August 16 after …
The Federal Competition and Consumer Protection Commission (FCCPC) recovered over N10 billion for consumers after complaints against banks, fintechs, and other sectors. Ondaje Ijagwu, Director of Corporate Affairs, disclosed this on Thursday. The data covers complaints lodged between March and August 2025 via FCCPC complaint platforms. The top ten sectors by complaint volume were: Banking: …
By Esther Ososanya The Federal Competition and Consumer Protection Commission (FCCPC) has cautioned traders across Lagos State against arbitrary price hikes and the sale of expired or substandard products. The warning was issued during a market engagement forum organised by the commission in Lagos. Mr Tunji Bello, the FCCPC Executive Vice Chairman and Chief Executive …
