last 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.
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.


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


Below is a list of the digital money lenders that have secured full approval from the FCCPC in Nigeria:
- SYCAMORE INTEGRATED SOLUTIONS LIMITED
- TRADE DEPOT
- TAJOW INVESTMENT
- BLUE RIDGE MICROFINANCE BANK LIMITED
- GROLATECH CREDIT LIMITED
- BRANCH INTERNATIONAL FINANCIAL SERVICES LIMITED
- P2VEST TECHNOLOGY LIMITED
- CREDITWAVE FINANCE LIMITED
- KEENEST TECH SERVICE LIMITED
- FAIRMONEY MICRO FINANCE BANK
- ALTRACRED FINANCE INVESTMENT LIMITED
- CREVANCE CREDIT LIMITED
- MENACRED COMPANY LIMITED
- AFROWIDE DEVELOPMENT LTD
- RED PLANET NIGERIA LIMITED
- AFROFIRST MOBILE AND TECHNOLOGY COMPANY LIMITED
- RANKCAPITALS LIMITED
- IBS GOLDEN INVESTMENT COMPANY LIMITED
- LENDVISERY SERVICES LIMITED
- CREDITWAVE FINANCE LIMITED
- RENMONEY MICROFINANCE BANK LIMITED
- SWIPEBILL TECHNOLOGIES NIGERIA LIMITED.
- HOMETOWN FINTECH LIMITED
- GIASUN TECHNOLOGY NIGERIA LIMITED
- BE RESOURCES LIMITED
- ROCKIT LENDERS NIGERIA LIMITED
- PIVO TECHNOLOGY LIMIED
- YES CREDIT COMPANY LIMITED
- FUBRIL CENTURY LIMITED
- IRORUN TECHNOLOGIES LIMITED
- CSENSE LIMITED
- SUPREME HELP COOPERATIVE SOCIETY LIMITED
- ORCOM AND ORCOM BUSSINESS SUPORT LIMITED
- PAYHIPPO LIMITED.
- EASYCHECK FINANCE INVESTMENT LIMITED
- QUARK FINANCIAL NIGERIA LIMITED
- EDMOND SOLUTIONS COMPANY LIMITED
- TED ROCKET LIMITED
- PENAID LIMITED
- ARVE LIMITED
- DOVER CREDIT LIMITED
- RAGEKAY GLOBAL INVESTMENT LIMITED
- MAYWOOD LENDING LIMITED
- LINKPARK TECHNOLOGY NIGERIA LIMITED
- MANGNET LENDING LIMITED
- RUBYSTAR GLOBAL LIMITED
- BESTFIN NIGERIA LIMITED
- FUBRI CENTURY COMPANY LIMITED
- 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:
- TRIPPDBASE LIMITED
- BLACK COPPER SERVICE
- OWOAFAR FINTECH SERVICE
- PAYLATER HUB
- WINDVILLE FINANCIAL NIGERIA LIMITED
- AFROFIRST MOBILE AND TECHNOLOGY COMPANY LIMITED
- ORCOM AND ORCOM BUSINESS SUPPORT LIMITED
- OTP INTERNET TECHNOLOGY LTD
- RED HARBOR FINTECH LIMITED
- BERYL SPRING GLOBAL LIMITED
- HOMETOWN FINTECH LIMITED
- AJAX LENDING LIMITED
- RACEOVA NIG. LIMITED
- LANTANA TECHNOLOGY LIMITED
- THE PLATFORM DIGITAL NETWORK LIMITED
- ZIPPY CAPITAL LIMITED
- NEO-LINK TECHNOLOGY LIMITED
- TRIPOBASE LIMITED
- BESTFIN NIGERIA LIMITED
- POCKETFUEL FINANCE LIMITED
- LENDING EDGE LIMITED
- TED ROCKET LIMITED
- PENAID LIMITED
- ALTARA CREDIT LIMITED
- NEW CREDAGE NIGERIA LIMITED
- LENDHA TECHNOLOGIES LIMITED
- DOJA LEMAIRE GLOBAL LIMITED
- PAYDAYHUB ONLINE NIGERIA LIMITED
- RETAIL BOOSTER LIMITED
- FINNEW FINTECH LIMITED
- FEZOTECH NIGERIA LIMITED
- ORANGE LOAN & PURPLE CREDIT LIMITED
- CITADELE CAPITALS LIMITED
- FEWCHORE FINANCE COMPANY LIMITED
- A1 CAPITAL SOLUTION LIMITED
- ONE PAYOUT LIMITED
- LINKPARK TECHNOLOGY NIGERIA LIMITED
- LIDYA GLOBAL LIMITED
- PHOENIX PAYMENT SOLUTIONS LIMITED
- RED PLANET NIGERIA LIMITED
- KWABA INTERNATIONAL LIMITED.
- MAYWOOD LENDING LIMITED.
- PRINCEPS CREDIT SYSTEM LIMITED
- LINKPARK TECHNOLOGY NIGERIA LIMITED
- FINPADI TECHNOLOGIES LIMITED
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