NNPC

FG Approves 173 Digital Lending Apps

The Federal Competition and Consumer Protection Commission (FCCPC) has approved a total of 173 companies to provide digital lending services in Nigeria.

This came as the deadline for the registration of the companies closed on March 27.

Out of the 173 companies registered and approved by the Commission, 119 were given full approval, while 54 were given conditional approval.

The FCCPC said it came up with the Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending, 2022, in collaboration with the Joint Task Force (JTF), to promote fair, transparent, and beneficial alternative lending opportunities for Nigerians.

After shifting its deadline multiple times, it finally adopted March 27, 2023, as the close of registration.

With the registration deadline now elapsed, Google will also remove all unregistered loan apps from the Play Store as it had earlier issued an update to all loan apps in Nigeria, compelling them to provide an approval document from the FCCPC or be removed from the platform.

Full Approval

Below is a list of the digital money lenders that have registered and secured full approval from the FCCPC:

SYCAMORE INTEGRATED SOLUTIONS LIMITED

TRADE DEPOT

TAJOW INVESTMENT

BLUE RIDGE MICROFINANCE BANK LIMITED

GROLATECH CREDIT LIMITED

BRANCH INTERNATIONAL FINANCIAL SERVICES LIMITED

P2VEST TECHNOLOGY LIMITED

CREDITWAVE FINANCE LIMITED

KEENEST TECH SERVICE LIMITED

FAIRMONEY MICRO FINANCE BANK

ALTRACRED FINANCE INVESTMENT LIMITED

CREVANCE CREDIT LIMITED

MENACRED COMPANY LIMITED

AFROWIDE DEVELOPMENT LTD

RED PLANET NIGERIA LIMITED

AFROFIRST MOBILE AND TECHNOLOGY COMPANY LIMITED

RANKCAPITAL LIMITED

IBS GOLDEN INVESTMENT COMPANY LIMITED

LENDVISERY SERVICES LIMITED

RENMONEY MICROFINANCE BANK LIMITED

SWIPEBILL TECHNOLOGIES NIGERIA LIMITED

HOMETOWN FINTECH LIMITED

GIASUN TECHNOLOGY NIGERIA LIMITED

BE RESOURCES LIMITED

ROCKIT LENDERS NIGERIA LIMITED

PIVO TECHNOLOGY LIMITED

YES CREDIT COMPANY LIMITED

IRORUN TECHNOLOGIES LIMITED

CSENSE LIMITED

SUPREME HELP COOPERATIVE SOCIETY LIMITED

ORCOM AND ORCOM BUSSINESS SUPORT LIMITED

PAYHIPPO LIMITED.

EASYCHECK FINANCE INVESTMENT LIMITED

QUARK FINANCIAL NIGERIA LIMITED

EDMOND SOLUTIONS COMPANY LIMITED

TED ROCKET LIMITED

PENAID LIMITED

ARVE LIMITED

DOVER CREDIT LIMITED

RAGEKAY GLOBAL INVESTMENT LIMITED

MAYWOOD LENDING LIMITED

LINKPARK TECHNOLOGY NIGERIA LIMITED

MANGNET LENDING LIMITED

RUBYSTAR GLOBAL LIMITED

BESTFIN NIGERIA LIMITED

FUBRI CENTURY COMPANY LIMITED

BERLY SPRING GLOBAL LIMITED

ROCK FINANCIALS LIMITED

PHOENIX PAYMENT SOLUTION LIMITED

VALUE DRIVER TECHNOLOGY SOLUTION LIMITED

NEXTPAYDAY LIMITED

BLACKCOPPER SERVICE LIMITED

TRAFALGAR ASSOCIATE LIMITED

WINDVILLE FINANCIAL NIGERIA LIMITED

ORANGE LOAN & PURPLE CREDIT LIMITED

CARBON MICROFINANCE BANK LIMITED

NEO-LINK TECHNOLOGY COMPANY LIMITED

FINNEW FINTECH LIMITED

OTP INTERNET TECHNOLOGY LIMITED

RED HARBOR FINTECH LIMITED

PAYLATER HUB LIMITED

SKITLOAN NIGERIA LIMITED

RACEOVA NIG. LIMITED

NEW CREDAGE NIGERIA LIMITED

BETTERLENDING COMPANY LIMITED

FAST-POINT INTERGRATED LIMITED

APEX LENDING LIMITED

PISKA TECH NIGERIA LIMITED

PRINCEP CREDIT SYSTEM LIMITED

OMALEND SERVICE LIMITED

POCKFUL FINANCE LIMITED

HIGHCREDIT NIGERIA LIMITED

HOLLANDALE NIGERIA LIMITED

PAY FINANCIAL TECHNOLOGY SERVICE LIMITED

A1 CAPITAL SOLUTION LIMITED

NEWEDGE FINANCE LIMITED

PAPICHOU TECHNOLOGY LIMITED

GOHARVEST INTERNATIONAL LIMITED

MINO SPARKS LIMITED

XGO FINANCE LIMITED

PRIMERA MICROFINANCE BANK

CREDIT TECH LENDING COMPANY

PROSPERITY ARCHIPELAGO LIMITED

FINESEST LIMITED

SINGULARITY TECHNOLOGY NIGERIA LTD

ECON MART FINTECH LIMITED

PENNEE TECHNOLOGIES LIMITED

OXYMON SOLUTION LIMITED

LANTANA TECHNOLOGY LIMITED

APPLINK CAPITAL NIGERIA LIMITED

YEGON TECH LIMITED

FEZOTECH NIGERIA LIMITED

ERIC VSTA LIMITED

MOBLASPAY COMPANY LIMITED

PAYCREDIT LIMITED

NIZ SERVICES LIMITED

MINO SPARKS LIMITED

FLO WOOD LENDING

LIBERTY ASSURED LIMITED

UNI TECHNOLOGY NIGERIA LTD

TRADE LENDA COM LIMITED

CREDITVILLE MICROFINANCE BANK LTD

LETSHEGO MICROFINANCE BANK LTD

KIOWOPE CAPITAL LIMITED

VEENDHQ LIMITED

UCPLUS ADVANCE LIMITED

MAVEN FINANCE LIMITED

AELLA FINANCIAL SOLUTIONS LIMITED

FLUNA CAPITAL LIMITED

NEWEDGE FINANCE LIMITED

TA PRIME LIMITED

REGXTA GLOBAL SERVICE LTD

PROVEST LIMITED

JM RUBINUS LIMITED

CROSSROADS E-PAYMENT SYSTEMS LIMITED

CONSYNERGY LIMITED

FINTCRED INNOVATION LIMITED

AFROSAY FINTECH LIMITED

MIM FINANCE COMPANY

Conditional Approval

TRIPODBASE LIMITED

OWOAFARA FINTECH SERVICE

AJAX LENDING LIMITED

THE PLATFORM DIGITAL NETWORK LIMITED

ZIPPY CAPITAL LIMITED

LENDING EDGE LIMITED

LENDHA TECHNOLOGIES LIMITED

DOJA LEMAIRE GLOBAL LIMITED

PAYDAYHUB ONLINE NIGERIA LIMITED

RETAIL BOOSTER LIMITED

CITADELE CAPITALS LIMITED

FEWCHORE FINANCE COMPANY LIMITED

ONE PAYOUT LIMITED

LIDYA GLOBAL LIMITED

KWABA INTERNATIONAL LIMITED

FINPADI TECHNOLOGIES LIMITED

UMBA DIGITAL SOLUTIONS LIMITED

U TECHNOLOGY

STELLAR FINANCE LIMITED

DASH INNOVATIONS

GRIT-TECH LIMITED

CAELUM TECHNOLOGIES LIMITED

U THINKING NIGERIA LIMITED

EATON HILL INVESTMENT LIMITED

CREDITPRO BUSINESS SUPPORT SERVICES LTD

MUSKA TECH LIMITED

HELPPO AFRICA LIMITED

RENNERS INVESTMENT LIMITED

PEBBLE FINANCIAL TECH. LIMITED

KIAKIA BITS LIMITED

WEALTHBRIDGE CAPITAL PARTNERS LIMITED

TRIVISTA CAPITAL LIMITED

ATIMI LENDING LTD

ZUVY TECHNOLOGIES LIMITED

ROCKSHIELD MICROFINANCE

DOT MICROFINANCE BANK LIMITED

ALLAWEE TECHNOLOGIES LIMITED

LUCRED TECHNOLOGY LIMITED

NOLT FINANCE LIMITED

SOKO LENDING LIMITED

CITYGATE GLOBAL INVESTMENT LIMITED

OLIVERMEAD INVESTMENT LIMITED

LIGHTING FINANCE TECHNOLOGY NIGERIA LIMITED

MENO FINANCE LIMITED

HOIL INVESTMENT LIMITED.

KIREDI ROCK COMPANY LTD

GLOSH TECH LIMITED

CLEMO FRESH CO. LTD

PASSECO TECHNOLOGY NIG. LTD

TRUST CEN LIMITED

RIVERBANK PARTNERS LIMITED

PRIME AVIS INVESTMENT SERVICES LIMITED

RIVERBRAND TECHNOLOGY LIMITED

First Bank

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