FG to Issue Fresh Regulations for O-pay, Moniepoint, Others in 2024 The Federal Government through the Federal Competition and Consumer Protection Commission is set to release more regulation for the digital lending space in 2024. These regulations are meant to improve loan recovery methods in the...

FG Delists Swiftkash, 36 Other Illegal Loan Apps The Federal Competition and Consumer Protection Commission’s new report says the number of delisted loan apps rose from nine to 37 in 2023. The number of fully approved loan apps also grew to 164 from 154 as of...

FCCPC to Clampdown on Trade Associations Over Price Fixing, Cartel Practices The Federal Competition and Consumer Protection Commission (FCCPC) says it will soon commence enforcement of laws against trade associations engaging in price fixing and cartel-like practices across the country. According to the Commission, this move...

FCCPC Says PoS Operators Risk Three Months Imprisonment over Price Fixing The Federal Competition and Consumer Protection Commission has said Point of Sale operators caught for price fixing risk three months jail term. This is as it issued a cease-and-desist order to PoS operators from conduct...

Online Harassment: FG Clampdown on Loan Apps, Delist Two  The Federal Government through the Federal Competition and Consumer Protection Commission has said it will release a list of illegal (unregistered) digital loan apps operating in Nigeria. It also said it would delist two legal (registered) loan...

TCN: Nigeria's Power Supply Improves to 92,490.1MWh The Transmission Company of Nigeria (TCN) report says Nigeria’s electricity supply on Monday increased by 7% to 92,490.1MWh, compared to Sunday's value of 86,450.66MWh. Energy generated also increased by 7% to 93.703.1MWh, from 87,600.87MWh recorded in the previous day. Nigeria's...