US EditionWhy MTN Nigeria Suspended Airtime, Data Borrowing Services
MTN said the pause is to meet FCCPC licensing rules for digital credit services, and it expects no material impact.
- On Thursday, MTN Nigeria suspended its Xtratime airtime and data credit service to comply with new regulatory requirements from the Federal Competition and Consumer Protection Commission .
- The FCCPC expanded its 2025 Digital Lending regulations to cover telecom operators, requiring them to register and obtain approval to continue offering short-term credit services.
- MTN Nigeria secretary Uto Ukpanah disclosed the suspension in a statement posted on the Nigerian Exchange Group on Thursday, citing implementation of the Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations.
- Despite the temporary suspension of Xtratime, MTN Nigeria assured customers that alternative digital channels for airtime and data purchases remain available.
- MTN Nigeria stated the temporary suspension will not have a material impact, and the company continues monitoring customer behaviour and usage trends for future updates.
18 Articles
18 Articles
Why MTN Nigeria suspended airtime, data borrowing services
Nigeria’s telecommunications giant, MTN Nigeria, has attributed the suspension of its airtime and data borrowing services to new regulatory requirements introduced by the Federal Competition and Consumer Protection Commission, FCCPC. The company’s secretary, Uto Ukpanah, disclosed this on Thursday at the Nigerian Exchange Limited. According to the telecom firm, the decision to pause the services is largely due to the implementation of the FCCPC’…
MTN Nigeria suspends airtime, data credit services over FCCPC regulation
In its statement on the “Xtratime” suspension, MTN implored its customers to access alternative digital channels for airtime and data purchases pending the time it meets the regulatory requirements.
No ban on borrowing airtime, data – FCCPC
The post No ban on borrowing airtime, data – FCCPC appeared first on Kemi Filani. The Federal Competition and Consumer Protection Commission (FCCPC) has cleared the air on reports that it banned airtime borrowing and data advance services in Nigeria. FCCPC described the news as false and misleading. In a statement addressing what it called a wave of misinformation, the Commission said its attention had been drawn to “a series […] The post No ban…
Customers Hit as MTN Suspends Airtime Borrowing Service
Nigeria’s largest telecom operator, MTN Nigeria, has suspended its airtime and data borrowing services known as “Xtratime”, citing fresh regulatory requirements introduced by the Federal Competition and Consumer Protection Commission (FCCPC). The development signals the immediate impact of the commission’s tightened oversight on digital lending operations, which now extends to telecom-based credit services. “MTN Nigeria […] The post Customers Hi…
MTN Suspends Airtime, Data Loans Over New FCCPC Lending Regulation
MTN Nigeria has suspended its airtime and data advance service known as Xtratime following new regulatory requirements introduced by the Federal Competition and Consumer Protection Commission.…The post MTN Suspends Airtime, Data Loans Over New FCCPC Lending Regulation appeared first on The Liberation News Nigeria.
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