Nigerian govt grants Carbon, Fairmoney, others licences for digital lending

A fresh list of 154 completely authorised digital lenders with operating licences in the nation has been made public by the Federal Government through the Federal Competition and Consumer Protection Commission.

It added 20 to its watch list, conditionally approved 40 more, delisted nine apps, and added 20 more.

It also mentioned that the Central Bank of Nigeria has granted licences to four other financial institutions: Fastcredit Limited, Greenbond Finance Company Limited, Baines Microfinance Bank Limited, and Ekondo Microfinance Bank Limited.