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flag Nigeria cracks down on predatory digital loan apps amid high inflation and abusive practices.

flag Inflation in Nigeria has led many to turn to digital loan apps for short-term loans, but these apps often charge high interest rates and use aggressive tactics like threatening and harassing borrowers who can't repay. flag The Federal Competition and Consumer Protection Commission has introduced new regulations to curb these predatory practices, requiring digital lenders to register and follow strict standards or face fines and bans.

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