The Federal Competition and Consumer Protection Commission (FCCPC) has expressed concern about what it sees as an increase in digital lenders, often known as loan applications, breaking its Limited Interim Regulatory/Registration Framework and Guidelines. The Commission in a statement signed by its Acting Executive Vice Chairman/ Chief Executive Officer, Dr. Adamu Abdullahi, said the infractions…
President Bola Tinubu has sacked the Chief Executive Officers of Federal Competition and Consumer Protection Commission (FCCPC), Babatunde Irukera, and Bureau of Public Enterprises (BPE), Alexander Ayoola Okoh. The Presidency in a statement on Monday said the dismissal of the CEOs was in conformity with plans to restructure and reposition critical agencies of the Federal…
The Federal Government through the Federal Competiton and Consumer Protection Commission (FCCPC) has plans to Tighten rules and regulations for Fintech digital lending services in year 2024. These regulations are meant to improve loan recovery methods in the country in the face of rising default rates. The Chief Executive Officer of the Commission, Mr Babatunde…
Regulator to question Opay over alleged unauthorised accounts The Federal Competition and Consumer Protection Commission, FCCPC, says it will question OPay over unauthorised account allegations by Nigerians.The Executive Vice Chairman/Chief Executive Officer of FCCPC, Babatunde Irukera, stated this while responding to allegations by Nigerians on Twitter that OPay was opening unauthorised accounts for them.Responding to…
Chief Executive Officer, FCCPC, Babatunde Irukera The Federal Government through the Federal Competition and Consumer Protection Commission has released new a list of 154 fully approved digital lenders licensed to operate in the country. It gave 40 others conditional approval, added 20 to its watch list, and delisted nine apps. It also noted that four…
Only 260,000 consumers pay their electricity bill regularly in Kano, the Kano State Electric Distribution Company, KEDCO, told participants at a workshop in Kano. According to KEDCO on Tuesday, there were 600,000 consumers in its book, blaming corruption for the loss of huge revenue. DAILY COMMERCE Nigeria reports that KEDCO was among some electricity distribution…
As the federal government prepares to completely deregulate the downstream sector of the Nigerian oil and gas industry in the coming months, stakeholders in the sector have told Nigerians to be ready to pay as much as N750 per litre of petrol at filling stations. This was the highpoint of stakeholders’ interventions during an online…
