The Federal Competition and Consumer Protection Commission (FCCPC) has announced January 5, 2026, as the deadline for full compliance with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025.
The Regulations, which took effect on July 21, 2025, under the Federal Competition and Consumer Protection Act (FCCPA) 2018, are designed to enhance fairness, transparency, and accountability in Nigeria’s expanding digital lending sector.
In a statement signed by Ondaje Ijagwu, Director of Corporate Affairs, the Commission said it has also released a supplementary document titled; Guidelines on the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025, issued under Sections 17 and 163 of the FCCPA.
The Guidelines provide practical direction for lenders and intermediaries, outline documentation requirements, and introduce updated Forms 1 and 3 based on stakeholder feedback.
According to the statement, applicants with pending submissions may provide any additional information required under the new Guidelines without waiting for a formal request. The Commission assured that it will continue to process applications efficiently while maintaining transparency throughout the review process.
Tunji Bello, Executive Vice Chairman of the FCCPC, emphasised the significance of adhering to the compliance timeline, describing it as both a legal obligation and a measure to strengthen consumer confidence.
“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.
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“All affected operators, including lending platforms, service partners, and intermediaries, are expected to complete their compliance obligations by 5 January 2026.
“Enforcement will begin immediately after the deadline. 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,” Bello said.
The FCCPC urged stakeholders to access copies of the Guidelines, forms, and Frequently Asked Questions (FAQs) through its official website or at FCCPC offices nationwide.
Reaffirming its commitment, the Commission stated that it remains dedicated to fostering responsible digital lending practices that protect consumers and promote confidence in Nigeria’s financial technology ecosystem.
