The Federal Competition and Consumer Protection Commission (FCCPC) has issued a new list of 154 firms to whom it has granted full permission to run lending applications in Nigeria.
The Commission removed the previously revealed list of approved firms for "clean-up," the new list just issued is more detailed since it includes the applications owned by each company under the permission list.
The release of a list of applications linked with the companies will help customers recognize the companies behind the apps they use, as well as reduce cases of app duplication by the corporations.
Aside from the enterprises that received full permission, the Commission stated that 40 additional companies got provisional approval. The total number of loan app firms approved by the FCCPC now stands at 194. The entire list of the 154 fully approved firms, as well as the 40 with conditional permission, may be seen here.
List of Loan Apps That Are Under the Watch of the FCCPC
Meanwhile, the Commission announced that it has added 20 loan applications to its watch because they are suspected of participating in unethical practices. These applications include ones that Google was recently asked to delete from the Play Store.Read more: https://www.investingport.com/20-loan-apps-miss-out-as-fccpc-gives-153-firms-full-permission/