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FCCPC Lending Powers Confirmed

4 entriesTue, Jul 21 – Sat, Jul 25Policy & Regulation

Timeline

  1. Sat, Jul 25LatestUnverified — not yet reviewed

    Waspan Challenges FCCPC's Digital Lending Powers at Court of Appeal

    WASPAN has filed an appeal at Nigeria's Court of Appeal challenging the FCCPC's authority over digital lending regulation, following a lower court ruling that upheld the commission's jurisdiction over the N400 billion airtime lending market. The appeal seeks to restore exclusive regulatory powers to the NCC and could freeze FCCPC enforcement actions affecting millions of digital borrowers.

  2. Thu, Jul 23Unverified — not yet reviewed

    Nigerian Court Upholds FCCPC Authority Over N400 Billion Airtime Lending Market

    A Nigerian court has affirmed the Federal Competition and Consumer Protection Commission's authority to regulate the country's consumer airtime lending market, valued at over N400 billion. The ruling sets a binding regulatory precedent for a segment that sits at the intersection of telecoms and digital credit.

  3. Wed, Jul 22Unverified — not yet reviewed

    Nigerian Court Upholds FCCPC Digital Lending Authority, Rejects Telecom Licensing Reach

    Nigeria's Federal Competition and Consumer Protection Commission has resumed enforcement action against digital lending apps after a court upheld its DEON regulations, while separately ruling that the FCCPC cannot license airtime and data credit providers. Telecoms operators are now demanding a clear regulatory framework from both the FCCPC and the NCC to resolve the resulting jurisdictional vacuum over airtime credit products.

  4. Tue, Jul 21Unverified — not yet reviewed

    Court Upholds FCCPC Authority, Reinstates Nigeria Digital Lending Rules

    A Nigerian court has upheld the Federal Competition and Consumer Protection Commission's authority to regulate digital lending, clearing the way for its DEON regulations to be enforced. The ruling delivers major regulatory certainty for Nigeria's digital lending sector, though the court separately ruled that the FCCPC cannot license airtime providers, clarifying the boundaries of its jurisdiction.