…other financial regulators to urgently intervene by introducing interest rate caps for digital lenders and strengthening consumer protection measures to curb what he described as exploitative lending practices.Dele Oye calls for regulatory intervention against predatory lenders. ImagesMillions trapped by high-cost digi…

The FCCPC, working with the CBN, updated its registry of approved digital lenders, with over 170 companies now licensed to operate Nigerians who borrow from unapproved loan apps risk harassment, hidden charges, data breaches, and difficulty reporting complaints to regulatorsFairMoney, Branch, Carbon, OKash, and PalmCre…

…Act, which was enacted in 1966. Recent changes expanded the regulator’s oversight of digital lenders in 2021 and non-deposit-taking credit providers in 2026, while the latest reforms strengthen the central bank’s role in crisis management and financial stability The reforms are intended to “strengthen the CBK’s capacit…

…disponible en français First published June 28, 2026 The first generation of African digital lenders believed it had found banking’s blind spot. Millions of people earned money, ran businesses and moved cash around every day, yet remained invisible to lenders because they lacked collateral, formal employment or a long…