The Federal Competition and Consumer Protection Commission (FCCPC) has published a list of 173 companies that sailed through its approval processes to operate as digital money lenders, also known as loan app vendors, in the country. The announcement of the successful firms by the commission came barely after the registration timeline, which closed last Monday, […]
The Federal Competition and Consumer Protection Commission (FCCPC) has projected to generate N14.3 billion revenue in the 2023 fiscal year. The commission’s Director General, Mr. Babatunde Irukera, made this projection Monday during a public hearing on the 2023-2025 Medium Term Expenditure Framework/Fiscal Strategy Paper (MTEF/FSP) organized by the House of Representatives Committee on Finance in […]
The Federal Competition and Consumer Protection Commission (FCCPC) on Tuesday announced the freezing of not less than 30 bank accounts over illegal practices. The sanction came barely a week after it ordered several illegal loan providers in the country to stop all abuses that had been noted to characterize their operations. The Executive Vice Chairman […]