An association representing the interests of money lenders in Nigeria, which has commented on the impact of new regulations.
Digital lenders face up to ₦100m fine for unethical conduct under FCCPC new rules
The FCCPC has introduced fines ranging from ₦50 million to ₦100 million for digital lenders engaging in unethical conduct. New regulations require all lending entities, including those licensed by states, to register and adhere to fair treatment of customers.
