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Federal Competition and Consumer Protection Commission

Google Ordered To Delete Cashpal, Swiftkash, 16 Other Nigerian Loan Apps

Google has been directed to take down Cashpal, Swiftkash, Nairaloan, and 15 others for operating quick loans on Play Store without regulatory approval. Federal Competition and Consumer Protection Commission (FCCPC) disclosed this in a statement on Wednesday, which also disclosed that Eaglecash, Cashme, Luckyloan and Moneytreefinance

August 2, 2023

FCCPC) has approved an additional 211 digital money lenders, known as loan apps, marking an increase from 161 fully approved companies in September.

Business

FCCPC Takes Down Approved Loan Apps’ List After Probe Discovers Foul Play

The Federal Competition and Consumer Protection Commission (FCCPC) has deleted the list of Digital Money Lenders (DML) approved to offer quick loan services in Nigeria. In a statement on its website, FCCPC said the list is being reviewed “The list is undergoing

August 1, 2023

Business

New PoS Charges: PoS Operators Risk N10m Fine, Imprisonment

Point of Sale (PoS) operators risk N1 million to N10 million fine, as well as three months imprisonment should they collectively increase the price of their transactions. This was disclosed in a statement by the Executive Vice Chairman and Chief Executive Officer

July 24, 2023

Tinubu Sets Up Committee To Tackle Flood Crisis

Business

FG To Prosecute Traders Increasing Food Prices

The Federal Competition and Consumer Protection Commission (FCCPC), an agency of the Federal Government, has warned trade associations against hiking food prices. FCCPC made the warning after the National Bureau of Statistics (NBS) reported that food inflation hit 25.25 per cent in

July 19, 2023

Business

FCCPC To Probe Loan Apps, As Lenders Resume Customer Harassment

Loan apps in Nigeria risk another clampdown on their operations by the Federal Competition and Consumer Protection Commission (FCCPC), as they devise new ways to engage customers. Digital lending companies have been in the news lately over their harassment of debtors, a

July 10, 2023

Business

FCCPC To Investigate, Penalise POS Agents, Says POS Service Price Increase Illegal

The Federal Competition and Consumer Protection Commission (FCCPC) has revealed that it is illegal for Point of Sale (POS) agents to jointly agree on fixing prices for their services. In a statement on Wednesday, 6 June, FCCPC’s executive vice-chairman and Chief Executive

July 6, 2023

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Federal Competition and Consumer Protection Commission

Google Ordered To Delete Cashpal, Swiftkash, 16 Other Nigerian Loan Apps

FCCPC Takes Down Approved Loan Apps’ List After Probe Discovers Foul Play

New PoS Charges: PoS Operators Risk N10m Fine, Imprisonment

FG To Prosecute Traders Increasing Food Prices

FCCPC To Probe Loan Apps, As Lenders Resume Customer Harassment

FCCPC To Investigate, Penalise POS Agents, Says POS Service Price Increase Illegal

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