Top 94 Approved Loan Companies in Nigeria 2023 (Legit Money Lenders)

Last Updated on March 21, 2023

As always the fake guy exists and then there’s the real guy. Currently, there are 94 money lenders who have been been given Approval from the Federal Competition and Consumer Protection Commission (FCCPC) in Nigeria as digital money lenders in Nigeria.

Although only 49 of these digital lenders were given full approval by the FCCPC, while the remaining 45 loan companies in Nigeria on the list were given approval.

The Commission is determined on tackling the menace of unlicensed or fake loan apps in Nigeria, which tend to operate as loan sharks.

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.

See: New Loan Apps 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.

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

Top Approved 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 INVESTIMENT 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:

50. TRIPPDBASE LIMITED
51. BLACK COPPER SERVICE
52. OWOAFAR FINTECH SERVICE
53. PAYLATER HUB
54. WINDVILLE FINANCIAL NIGERIA LIMITED
55. AFROFIRST MOBILE AND TECHNOLOGY COMPANY LIMITED
56. ORCOM AND ORCOM BUSINESS SUPPORT LIMITED
57. OTP INTERNET TECHNOLOGY LTD
58. RED HARBOR FINTECH LIMITED
59. BERYL SPRING GLOBAL LIMITED
60. HOMETOWN FINTECH LIMITED
61. AJAX LENDING LIMITED
62. RACEOVA NIG. LIMITED
63. LANTANA TECHNOLOGY LIMITED
64. THE PLATFORM DIGITAL NETWORK LIMITED
65. ZIPPY CAPITAL LIMITED
66. NEO-LINK TECHNOLOGY LIMITED
67. TRIPOBASE LIMITED
68. BESTFIN NIGERIA LIMITED
69. POCKETFUEL FINANCE LIMITED
70. LENDING EDGE LIMITED
71. TED ROCKET LIMITED
72. PENAID LIMITED
73. ALTARA CREDIT LIMITED
74. NEW CREDAGE NIGERIA LIMITED
75. LENDHA TECHNOLOGIES LIMITED
76. DOJA LEMAIRE GLOBAL LIMITED
77. PAYDAYHUB ONLINE NIGERIA LIMITED
78. RETAIL BOOSTER LIMITED
79. FINNEW FINTECH LIMITED
80. FEZOTECH NIGERIA LIMITED
81. ORANGE LOAN & PURPLE CREDIT LIMITED
82. CITADELE CAPITALS LIMITED
83. FEWCHORE FINANCE COMPANY LIMITED
84. A1 CAPITAL SOLUTION LIMITED
85. ONE PAYOUT LIMITED
86. LINKPARK TECHNOLOGY NIGERIA LIMITED
87. LIDYA GLOBAL LIMITED
88. PHOENIX PAYMENT SOLUTIONS LIMITED
89. RED PLANET NIGERIA LIMITED
90. KWABA INTERNATIONAL LIMITED.
91. MAYWOOD LENDING LIMITED.
92. PRINCEPS CREDIT SYSTEM LIMITED
93. LINKPARK TECHNOLOGY NIGERIA LIMITED
94. FINPADI TECHNOLOGIES LIMITED