No fewer than 173 digital lending applications have been approved to operate in Nigeria by the Federal Competition and Consumer Protection Commission.

The Loansharkreview.com reports that out of the 173 loan apps, only 119 have full approvals, while 54 currently have conditional approvals. Illegal online bank operations led to the intervention of the FCCPC, which approved lending apps legally permitted to operate across the country.

The Loansharkreview.com reports that many individuals have faced loan sharks, harassment, and disgrace from family and friends. They also provided a guideline on what to do when loan sharks harass you.

FCCPC disclosed on its website that the registration of the Apps to the Limited Interim Regulatory Framework and Guidelines for Digital Lending 2022 had commenced as part of the investigation by the Inter-Agency on Joint Task Force on the Digital Lending Apps. The commission attached the list of companies/Digital Lending Apps to its website.

Below are the names of approved loan apps legally permitted to operate in Nigeria, arranged in alphabetical order:

LOAN APPS & COMPANIES LICENSED BY CBN

1. FASTCREDIT LIMITED (APP NAME: N/A)
2. GREENBOND FINANCIAL LIMITED (APP NAME: N/A)
3. BAINES MICROFINANCE BANK LIMITED (APP NAME: N/A)
4. EKONDO MICROFINANCE BANK LIMITED (APP NAME: EK-PAY)
5. PALMPAY LIMITED (APP NAME: PALMPAY)
6. NEWEDGE FINANCE LIMITED (APP NAME: PALMCREDIT, NEW CREDIT, EASY BUY APP, XCROSS CASH APP, XCASH APP)
7. SHEPHARD TRUST MICROFINCANCE BANK (APP NAME: NEO CASH APP)
8. FIRMUS MICROFINANCE BANK (APP NAME: FIRMUS MOBILE APP)
9. CASHBRIDGE DIGITAL LIMITED (APP NAME: N/A)
10. STEP BY STEP MICROFINANCE BANK LIMITED (APP NAME: KASHPIT, MONIFIX, DOVEKASH, AWOOFKASH, AND FRESHMONI)

FULLY APPROVED

1. A1 CAPITAL SOLUTION LIMITED
2. AFROFIRST MOBILE AND TECHNOLOGY COMPANY LIMITED
3. AFROWIDE DEVELOPMENT LTD
4. ALTRACRED FINANCE INVESTMENT LIMITED
5. APEX LENDING LIMITED
6. APPLINK CAPITAL NIGERIA LIMITED
7. ARVE LIMITED
8. BE RESOURCES LIMITED
9. BERLY SPRING GLOBAL LIMITED
10. BESTFIN NIGERIA LIMITED
11. BETTERLENDING COMPANY LIMITED
12. BLACKCOPPER SERVICE LIMITED
13. BLUE RIDGE MICROFINANCE BANK LIMITED
14. BRANCH INTERNATIONAL FINANCIAL SERVICES LIMITED
15. CARBON MICROFINANCE BANK LIMITED
16. CONSYNERGY LIMITED
17. CREDIT TECH LENDING COMPANY
18. CREDITVILLE MICROFINANCE BANK LTD
19. CREVANCE CREDIT LIMITED
20. CROSSROADS E-PAYMENT SYSTEMS LIMITED
21. CSENSE LIMITED
22. DOVER CREDIT LIMITED
23. EDMOND SOLUTIONS COMPANY LIMITED
24. ECON MART FINTECH LIMITED
25. ERIC VSTA LIMITED
26. FINESEST LIMITED
27. FINNEW FINTECH LIMITED
28. FLUNA CAPITAL LIMITED
29. FLO WOOD LENDING
30. FUBRI CENTURY COMPANY LIMITED
31. GIASUN TECHNOLOGY NIGERIA LIMITED
32. GOHARVEST INTERNATIONAL LIMITED
33. GROLATECH CREDIT LIMITED
34. HIGHCREDIT NIGERIA LIMITED
35. HOLLANDALE NIGERIA LIMITED
36. HOMETOWN FINTECH LIMITED
37. IBS GOLDEN INVESTMENT COMPANY LIMITED
38. IRORUN TECHNOLOGIES LIMITED
39. JM RUBINUS LIMITED
40. KEENEST TECH SERVICE LIMITED
41. LENDHA TECHNOLOGIES LIMITED
42. LENDVISERY SERVICES LIMITED
43. LETSHEGO MICROFINANCE BANK LTD
44. LANTANA TECHNOLOGY LIMITED
45. LINKPARK TECHNOLOGY NIGERIA LIMITED
46. MAVEN FINANCE LIMITED
47. MAYWOOD LENDING LIMITED
48. MENACRED COMPANY LIMITED
49. MINO SPARKS LIMITED
50. MINO SPARKS LIMITED
51. NEXTPAYDAY LIMITED
52. NEW CREDAGE NIGERIA LIMITED
53. NEWEDGE FINANCE LIMITED
54. NEO-LINK TECHNOLOGY COMPANY LIMITED
55. NIZ SERVICES LIMITED
56. ORANGE LOAN & PURPLE CREDIT LIMITED
57. OMALAND SERVICE LIMITED
58. ORCOM AND ORCOM BUSSINESS SUPPORT LIMITED
59. OTP INTERNET TECHNOLOGY LIMITED
60. OXYMON SOLUTION LIMITED
61. PAPICHOU TECHNOLOGY LIMITED
62. PAYCREDIT LIMITED
63. PAYHIPPO LIMITED
64. PAY FINANCIAL TECHNOLOGY SERVICE LIMITED
65. PAYLATER HUB LIMITED
66. PENNEE TECHNOLOGIES LIMITED
67. PENAID LIMITED
68. PHOENIX PAYMENT SOLUTION LIMITED
69. PISKA TECH NIGERIA LIMITED
70. PIVOTECHNOLOGY LIMITED
71. PRIMERA MICROFINANCE BANK
72. PRINCEP CREDIT SYSTEM LIMITED
73. PROSPERITY ARCHIPELAGO LIMITED
74. PRIME AVIS INVESTMENT SERVICES LIMITED
75. PROVEST LIMITED
76. P2VEST TECHNOLOGY LIMITED
77. QUARK FINANCIAL NIGERIA LIMITED
78. RAGEKAY GLOBAL INVESTMENT LIMITED
79. RANKCAPITAL LIMITED
80. RED HARBOR FINTECH LIMITED
81. RED PLANET NIGERIA LIMITED
82. REGXTA GLOBAL SERVICE LTD
83. RENMONEY MICROFINANCE BANK LIMITED
84. ROCKIT LENDERS NIGERIA LIMITED
85. ROCK FINANCIALS LIMITED
86. ROYAL TRUST MICROFINANCE BANK
87. RUBYSTAR GLOBAL LIMITED
88. SINGULARITY TECHNOLOGY NIGERIA LTD
89. SKITLOAN NIGERIA LIMITED
90. SUPREME HELP COOPERATIVE SOCIETY LIMITED
91. SWIPEBILL TECHNOLOGIES NIGERIA LIMITED
92. SYCAMORE INTEGRATED SOLUTIONS LIMITED
93. TA PRIME LIMITED
94. TAJO INVESTMENT
95. TED ROCKET LIMITED
96. TRADE DEPOT
97. TRADE LENDA COM LIMITED
98. TRAFALGAR ASSOCIATE LIMITED
99. UCPLUS ADVANCE LIMITED
100. UNI TECHNOLOGY NIGERIA LTD
101. VALUE DRIVER TECHNOLOGY SOLUTION LIMITED
102. VEENDHQ LIMITED
103. WINDVILLE FINANCIAL NIGERIA LIMITED
104. XGO FINANCE LIMITED
105. YEGON TECH LIMITED

CONDITIONAL APPROVAL

1. AJAX LENDING LIMITED
2. CITADELE CAPITALS LIMITED
3. CREDITPRO BUSINESS SUPPORT SERVICES LTD
4. DASH INNOVATIONS
5. DOJA LEMAIRE GLOBAL LIMITED
6. DOT MICROFINANCE BANK LIMITED
7. EATON HILL INVESTMENT LIMITED
8. FEWCHORE FINANCE COMPANY LIMITED
9. FINPADI TECHNOLOGIES LIMITED
10. FINTRADE SOLUTIONS LIMITED
11. GRIT-TECH LIMITED
12. HELPPO AFRICA LIMITED
13. KIAKIA BITS LIMITED
14. KWABA INTERNATIONAL LIMITED
15. LEADING EDGE LIMITED
16. LIDYA GLOBAL LIMITED
17. LUCRED TECHNOLOGY LIMITED
18. MUSKA TECH LIMITED
19. NOLT FINANCE LIMITED
20. ONE PAYOUT LIMITED
21. PEBBLE FINANCIAL TECH. LIMITED
22. RENNER INVESTMENT LIMITED
23. RETAIL BOOSTER LIMITED
24. ROCKSHIELD MICROFINANCE
25. SOKO LENDING LIMITED
26. STELLAR FINANCE LIMITED
27. TRIPPODBASE LIMITED
28. TRIVISTA CAPITAL LIMITED
29. U TECHNOLOGY
30. U THINKING NIGERIA LIMITED
31. UMBA DIGITAL SOLUTIONS LIMITED
32. WEALTHBRIDGE CAPITAL PARTNERS LIMITED
33. ZIPPY CAPITAL LIMITED
34. ZUVY TECHNOLOGIES LIMITED

Source: Fccpc Officail website