Nigeria Breaking News

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Loan App Surge: 380 Lenders Approved, Consumer Fears Grow

Loan App Surge: 380 Lenders Approved, Consumer Fears Grow

The landscape of digital lending in Nigeria is undergoing a dramatic transformation, with the number of approved loan app soaring to 380 this February, a significant jump from 320 in October of the previous year. This surge, reflecting approvals from both the Federal Competition and Consumer Protection Commission (FCCPC) and licenses granted by the Central …

FCCPC probes GTBank, MTN and Air Peace over alleged customer rights violations

FCCPC probes GTBank, MTN and Air Peace over alleged customer rights violations

The Federal Competition and Consumer Protection Commission (FCCPC) said it has launched a major inquiry into widespread consumer complaints against leading players in the banking, telecommunications, and aviation sectors comprising GTBank, MTN, and Air Peace.  The Commission disclosed this in a statement signed by its Director of  Corporate Affairs, Ondaje Ijagwu, issued on Sunday.  According …

FCCPC Clarifies Position on Price Regulation Amid Market Concerns

The Federal Competition and Consumer Protection Commission (FCCPC) has clarified that it has no intention of regulating prices in the Nigerian market, Okay.ngreports. This assurance was provided in a statement issued on Tuesday by the commission’s spokesman, Ondaje Ijagwu, in response to concerns raised by the Organised Private Sector and other stakeholders. Ijagwu emphasized that …