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FCCPC Enforces N100m Fine on Rogue Loan Apps
The Business NG
|The BusinessNG
The Federal Competition and Consumer Protection Commission (FCCPC) has begun enforcing a new regulation that slams non-compliant digital lending operators with fines of up to N100 million or 1% of annual turnover, as Nigeria intensifies its crackdown on unethical lending practices.
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The Commission, in a statement issued Wednesday, confirmed the official commencement of the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (DEO
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The Business NG
Reps Order Suspension of WAEC CBT Rollout for 2026 Exams
The House of Representatives has urged the Federal Government to halt the plan by the West African Examinations Council (WAEC) to implement Computer-Based Testing (CBT) for the 2026 West African Senior School Certificate Examination (WASSCE).
1 min
The BusinessNG
The Business NG
FG Suspends 15% Fuel Import Duty, Assures Adequate Supply Nationwide
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has announced the suspension of the proposed 15% ad-valorem import duty on Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), commonly known as petrol and diesel.
1 min
The BusinessNG
The Business NG
Food Crisis Looms as Farmers Battle Rising Costs
Naira Strengthens to N1,441 as FX Pressures Ease
1 min
The BusinessNG
The Business NG
Senate Bans Recruitment of Under-18 Soldiers
The Senate has taken a major step to outlaw the recruitment of persons under the age of 18 into Nigeria's military, passing the Armed Forces (Repeal and Reenactment) Bill, 2025, for second reading.
1 min
The BusinessNG
The Business NG
Nigeria Collects N55Trn, Borrows N152Trn in Two Years, SMEs Struggle
Nigeria's fiscal policies over the past two years—from mid-2023 to mid-2025—have revealed a stark imbalance: the government has collected and borrowed massive sums but delivered little to the real economy. While billions flow into federal coffers, the country's productive sectors, particularly small and medium enterprises (SMEs), continue to struggle.
1 min
The BusinessNG
The Business NG
NNPC to Undergo Major Shake-Up to Boost Oil Output
The Federal Government has hinted at plans to restructure the Nigerian National Petroleum Company Limited (NNPC) as part of a broader effort to reverse the country’s falling crude oil production and restore investor confidence in the upstream sector.
1 min
The BusinessNG
The Business NG
Lottery Law Sparks Showdown Between Lagos and National Assembly
The simmering clash between the Lagos State Government and the National Assembly has taken a legal turn, as Lagos moves to commence contempt proceedings against federal lawmakers for allegedly violating a Supreme Court judgment on the control of lottery and gaming in Nigeria.
1 min
The BusinessNG
The Business NG
Investors, Traders Panic as Trump's Threat Hits Market Confidence
●NGX Witnesses Sell-Off, Loses N2.8trn
1 min
The BusinessNG
The Business NG
Parents, Students Panic Over Sudden 2026 WAEC Subject Change
Air Force School Raises Alarm Over New Subjects
1 min
The BusinessNG
The Business NG
Naira Sustains Strength, Trades Below N1,450/$, N1,900/£ in Market Rally
The Nigerian Naira continued its impressive rebound against major foreign currencies this week, maintaining a strong position against the British pound sterling and holding steady against the U.S. dollar at the official market.
1 min
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