FCCPC gives Primera MFB full approval for digital lending

The Federal Competition and Consumer Protection Commission (FCCPC) have fully approved the operations of Primera Microfinance Bank as a digital lender in Nigeria. This development follows the investigation by the Inter-Agency Joint Task Force on the Digital Lending Apps, after which the FCCPC mandated the registration of moneylenders to the Limited Interim Regulatory Framework and Guidelines for Digital Lending 2022.