Regulatory actions taken in Nigeria have caught the attention of the U.S. House Foreign Affairs Committee for potentially affecting American investments, with Chairman Brian Mast (R-FL) addressing a letter to the country’s ambassador to the United States.
Nigeria’s airtime and data lending market, largely dominated by Nairtime Nigeria Limited (NNL), allows customers to borrow airtime or data and pay after their next recharge — but now faces new rules under the government’s Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations (DEON Regulations), administered by the Federal Competition and Consumer Protection Commission…
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