Tag Archives: FCCPC

FCCPC gives approval to 94 loan apps

The Federal Competition and Consumer Protection Commission (FCCPC) has approved the operations of 94 companies as digital money lenders in Nigeria. However, only 49 of the digital lenders were given full approval, while the remaining 45 got conditional approval. The Commission disclosed this in an update on its ongoing registration of digital money lenders in the country, an exercise targeted ...

Read More »

FCCPC announces N14.3 billion revenue target for 2023

The Federal Competition and Consumer Protection Commission (FCCPC) has announced a target revenue of N14.3 billion for 2023. This was disclosed by Mr Babatunde Irukera, the Executive Vice Chairman, Federal Competition and Consumer Protection Commission (FCCPC), on Monday at a hearing on the 2023-2025 Medium Term Expenditure Framework/Fiscal Strategy Paper (MTEF/FSP) organised by the House of Representatives Committee on Finance ...

Read More »

Shoprite Nigeria, Persianas awaiting FCCPC approval on acquisition

Shoprite Nigeria is awaiting FCCPC approval to conclude its sale to Nigerian property development company, Persianas. It was reported last year that Shoprite South African holdings was looking to spin off its Nigerian assets as it moves to decouple struggling businesses outside South Africa. Shoprite also sold off its interest in Kenya. According to sources with knowledge of the matter, ...

Read More »