FCCPC Rules Force Nigeria's Digital Lenders Toward Safer Borrowers, Squeezing Instant Loan Access

New FCCPC regulations are reshaping Nigeria's digital lending market by pushing lenders away from high-risk borrowers, with instant loan products drying up for a broad segment of the population. The shift signals a structural tightening of credit access in a market where informal digital lending has been a primary financial lifeline for millions.