List of Registered Loan Companies in Nigeria 2023

Approved Loan Companies in Nigeria Money Lenders
EPN

Updated on September 28, 2023

Meet the good guys and the not-so-good guys in the world of digital lending in Nigeria. There are 94 loan companies in Nigeria approved by the Federal Competition and Consumer Protection Commission (FCCPC). But hold on, only 49 of them got the full thumbs-up, while the other 45 are kind of okayed.

Now, why is this happening? Well, the FCCPC is on a mission to kick out those shady, unlicensed fake loan apps that act like loan sharks. They joined forces with the Joint Task Force (JTF) to make sure Nigerians get fair, clear, and good loan deals.

See: New Loan Apps in Nigeria

This list of approved loan companies in Nigeria came about when the FCCPC came up with the Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending in collaboration with the Joint Task Force (JTF) to promote fair, transparent, and beneficial alternative lending opportunities for Nigerians.

list of registered loan companies in nigeria

To be an approved loan company by the FCCPC, you’ll need to register with the FCCPC and complete two forms:

  • Form DLG 001: the registration form that requires the applicant company to provide identification and operational information to the FCCPC
  • Form DLG 002: Forms that contain declarations relating to; Legitimacy, Compliance with applicable regulatory requirements, Lawful source of funds and conformity with anti-money laundering, and Data protection laws.

The deadline given by the FCCPC to all digital money lenders to comply with these guidelines expires on November 14, 2022, to January 31, 2023.

Want to be one of the approved lenders? Simple, you just need to sign up with the FCCPC and fill out two forms. One wants to know who you are and what you do, while the other makes sure you’re playing by the rules.

Also See: Best Loan Apps in Nigeria with Low-Interest Rate

List of Registered Loan Companies in Nigeria 2023

loan companies in nigeria

Below is a list of the digital money lenders that have secured full approval from the FCCPC in Nigeria:

  1. SYCAMORE INTEGRATED SOLUTIONS LIMITED
  2. TRADE DEPOT
  3. TAJOW INVESTMENT
  4. BLUE RIDGE MICROFINANCE BANK LIMITED
  5. GROLATECH CREDIT LIMITED
  6. BRANCH INTERNATIONAL FINANCIAL SERVICES LIMITED
  7. P2VEST TECHNOLOGY LIMITED
  8. CREDITWAVE FINANCE LIMITED
  9. KEENEST TECH SERVICE LIMITED
  10. FAIRMONEY MICRO FINANCE BANK
  11. ALTRACRED FINANCE INVESTMENT LIMITED
  12. CREVANCE CREDIT LIMITED
  13. MENACRED COMPANY LIMITED
  14. AFROWIDE DEVELOPMENT LTD
  15. RED PLANET NIGERIA LIMITED
  16. AFROFIRST MOBILE AND TECHNOLOGY COMPANY LIMITED
  17. RANKCAPITALS LIMITED
  18. IBS GOLDEN INVESTMENT COMPANY LIMITED
  19. LENDVISERY SERVICES LIMITED
  20. CREDITWAVE FINANCE LIMITED
  21. RENMONEY MICROFINANCE BANK LIMITED
  22. SWIPEBILL TECHNOLOGIES NIGERIA LIMITED.
  23. HOMETOWN FINTECH LIMITED
  24. GIASUN TECHNOLOGY NIGERIA LIMITED
  25. BE RESOURCES LIMITED
  26. ROCKIT LENDERS NIGERIA LIMITED
  27. PIVO TECHNOLOGY LIMIED
  28. YES CREDIT COMPANY LIMITED
  29. FUBRIL CENTURY LIMITED
  30. IRORUN TECHNOLOGIES LIMITED
  31. CSENSE LIMITED
  32. SUPREME HELP COOPERATIVE SOCIETY LIMITED
  33. ORCOM AND ORCOM BUSSINESS SUPORT LIMITED
  34. PAYHIPPO LIMITED.
  35. EASYCHECK FINANCE INVESTMENT LIMITED
  36. QUARK FINANCIAL NIGERIA LIMITED
  37. EDMOND SOLUTIONS COMPANY LIMITED
  38. TED ROCKET LIMITED
  39. PENAID LIMITED
  40. ARVE LIMITED
  41. DOVER CREDIT LIMITED
  42. RAGEKAY GLOBAL INVESTMENT LIMITED
  43. MAYWOOD LENDING LIMITED
  44. LINKPARK TECHNOLOGY NIGERIA LIMITED
  45. MANGNET LENDING LIMITED
  46. RUBYSTAR GLOBAL LIMITED
  47. BESTFIN NIGERIA LIMITED
  48. FUBRI CENTURY COMPANY LIMITED
  49. BERLY SPRING GLOBAL LIMITED

Money Lenders in Nigeria with Conditional Approvals:

Here are the money lenders in Nigeria that have conditional approvals from the Federal Competition and Consumer Protection Commission, these loan companies still have some requirements to meet before they can get the full approval:

  1. TRIPPDBASE LIMITED
  2. BLACK COPPER SERVICE
  3. OWOAFAR FINTECH SERVICE
  4. PAYLATER HUB
  5. WINDVILLE FINANCIAL NIGERIA LIMITED
  6. AFROFIRST MOBILE AND TECHNOLOGY COMPANY LIMITED
  7. ORCOM AND ORCOM BUSINESS SUPPORT LIMITED
  8. OTP INTERNET TECHNOLOGY LTD
  9. RED HARBOR FINTECH LIMITED
  10. BERYL SPRING GLOBAL LIMITED
  11. HOMETOWN FINTECH LIMITED
  12. AJAX LENDING LIMITED
  13. RACEOVA NIG. LIMITED
  14. LANTANA TECHNOLOGY LIMITED
  15. THE PLATFORM DIGITAL NETWORK LIMITED
  16. ZIPPY CAPITAL LIMITED
  17. NEO-LINK TECHNOLOGY LIMITED
  18. TRIPOBASE LIMITED
  19. BESTFIN NIGERIA LIMITED
  20. POCKETFUEL FINANCE LIMITED
  21. LENDING EDGE LIMITED
  22. TED ROCKET LIMITED
  23. PENAID LIMITED
  24. ALTARA CREDIT LIMITED
  25. NEW CREDAGE NIGERIA LIMITED
  26. LENDHA TECHNOLOGIES LIMITED
  27. DOJA LEMAIRE GLOBAL LIMITED
  28. PAYDAYHUB ONLINE NIGERIA LIMITED
  29. RETAIL BOOSTER LIMITED
  30. FINNEW FINTECH LIMITED
  31. FEZOTECH NIGERIA LIMITED
  32. ORANGE LOAN & PURPLE CREDIT LIMITED
  33. CITADELE CAPITALS LIMITED
  34. FEWCHORE FINANCE COMPANY LIMITED
  35. A1 CAPITAL SOLUTION LIMITED
  36. ONE PAYOUT LIMITED
  37. LINKPARK TECHNOLOGY NIGERIA LIMITED
  38. LIDYA GLOBAL LIMITED
  39. PHOENIX PAYMENT SOLUTIONS LIMITED
  40. RED PLANET NIGERIA LIMITED
  41. KWABA INTERNATIONAL LIMITED.
  42. MAYWOOD LENDING LIMITED.
  43. PRINCEPS CREDIT SYSTEM LIMITED
  44. LINKPARK TECHNOLOGY NIGERIA LIMITED
  45. FINPADI TECHNOLOGIES LIMITED

In

Leave a Reply

Your email address will not be published. Required fields are marked *