In a significant move to sanitise the country's digital lending space, the Federal Government has officially released an updated register of approved loan applications for the year 2026.
Government Acts to Protect Borrowers
The announcement was made on January 9, 2026, by the Federal Competition and Consumer Protection Commission (FCCPC). Officials stated that the primary goal is to safeguard Nigerian consumers and enforce transparency within the rapidly expanding fintech lending sector.
The Commission confirmed that hundreds of digital money lenders have successfully met all stipulated regulatory requirements and are now fully authorised to operate. This regulatory action is designed to shield borrowers from harassment, data privacy violations, and the predatory practices often associated with unlicensed operators.
Over 400 Apps Make the Approved List
The FCCPC disclosed that more than 400 loan applications have been granted full approval status. This comprehensive list serves as the official guide for consumers seeking legitimate digital credit services.
The published register includes a wide array of platforms, from well-known names to newer entrants, all of which have complied with the Digital Lending Regulations. Some of the notable approved apps and their operating companies include:
- FairMoney App – FairMoney Microfinance Bank
- Carbon App – Carbon Microfinance Bank
- Branch Mobile App – Branch International Financial Limited
- Renmoney Instant Cash Loan – Renmoney Microfinance Bank
- Payslater App – Paylater Hub Limited
- QuickCheck App – Arve Limited
- Aella App – Aella Financial Solutions Limited
The full list encompasses companies such as CredPal, Umba Digital Solutions, KashKash, and PalmCredit, among many others, each tied to their legally registered corporate entities.
Crackdown on Illegal Operators Continues
This publication of approved apps is a direct component of the FCCPC's ongoing strategy to regulate the industry. It follows the Commission's earlier action of blacklisting 45 illegal loan apps at the start of the year.
Those banned applications were found to have violated the regulatory framework, exposing users to significant risks. The FCCPC has consistently warned the public against engaging with any digital lender not found on its official approved register.
By providing this clear distinction between compliant and rogue operators, the federal agency aims to empower Nigerians, enabling them to make informed and safe choices when seeking quick loans online. Consumers are strongly advised to verify any lending platform against this official list before downloading an app or sharing personal data.
