The Federal Competition and Consumer Protection Commission (FCCPC) of the Federal Government has unveiled a fresh catalog of 154 fully authorized digital lenders that are granted licenses to function within the nation.

In addition to these, 40 other lenders have been conditionally approved, while 20 have been placed on an observation list, and nine apps have been removed from the list.

Moreover, the FCCPC has highlighted that the Central Bank of Nigeria has issued licenses to four additional entities: Fastcredit Limited, Greenbond Finance Company Limited, Baines Microfinance Bank Limited, and Ekondo Microfinance Bank Limited..

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