The Federal Competition and Consumer Protection Commission (FCCPC) has announced the deadline of January 5, 2026 for full compliance with the Digital, Electronic, Online and Non-Traditional Consumer Credit 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 the Director of Corporate Affairs, Ondaje Ijagwu, the commission said it had also released a supplementary document titled; Guidance on Digital, Electronic, Online, and Non-Traditional Consumer Credit 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 applications can 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 in the entire review process.
FCCPC Executive Vice Chairman Tunji Bello stressed the importance of adhering to compliance timelines, 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 to protect consumers and ensure 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 meet their compliance obligations by January 5, 2026.
“Enforcement will begin immediately after the deadline. Measures may include banning non-compliant entities from operating, directing partners or platforms to stop working with them, and imposing other sanctions as 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 through FCCPC offices nationwide.
Reaffirming its commitment, the Commission said it is dedicated to promoting responsible digital lending practices that protect consumers and promote trust in Nigeria's financial technology ecosystem.
