In a strategic move to promote fairness, transparency, and accountability across Nigeria’s growing digital lending market, the Federal Competition and Consumer Protection Commission (FCCPC) has announced Monday, 5 January 2026, as the deadline for full compliance with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025.
FCCPC’s Director of Corporate Affairs, Ondaje Ijagwu, in a statement on Thursday noted that the Regulations came into effect on 21 July 2025 under the Federal Competition and Consumer Protection Act (FCCPA) 2018.
He explained that in order to support operators in meeting the required standards, the Commission has issued an additional instrument, the Guidelines on the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025, made under Sections 17 and 163 of the FCCPA.
The document, according to him, provides practical direction for lenders and intermediaries, explains the documentation required, and introduces updated Forms 1 and 3 based on feedback received from stakeholders.
He said applicants with pending submissions may provide any additional information required under the new Guidelines without waiting for a formal request. Noting that the Commission would continue to process applications promptly and maintain a transparent review process.
According to the statement, the Executive Vice Chairman of the FCCPC, Mr. Tunji Bello, stressed the importance of meeting the timeline.
He explained that “full compliance is not only a legal requirement but an important step in protecting consumers and ensuring that the sector continues to grow in a fair and responsible manner. Operators have had ample time to adjust to the Regulations and the additional guidance now provided. We expect all obligations to be met before the deadline.”
FCCPC said all affected operators, including lending platforms, service partners, and intermediaries, are expected to complete their compliance obligations by 5 January 2026.
It revealed that enforcement would begin immediately after the deadline. Disclosing that measures may include restricting non-compliant entities from operating, directing partners or platforms to cease dealing with them, and applying other sanctions permitted under the law.
The Commission said the copies of the Guidelines, Forms, and Frequently Asked Questions (FAQs) are available on its website at www.fccpc.gov.ng, including through enquiries at FCCPC offices nationwide, or via other official channels provided on the website.
The FCCPC said it is committed to promoting responsible digital lending practices that protect consumers and support confidence in the financial technology sector.
