The Federal Competition and Consumer Protection Commission (FCCPC) has dismissed claims that it banned airtime borrowing and data advance services in Nigeria. The commission described the reports as false and misleading, stating that no directive was issued to stop telecom credit services. FCCPC Clarifies Position In a statement released by its Director of Corporate Affairs,…
Airtel Nigeria has announced the temporary suspension of its airtime and data borrowing services for prepaid customers. The service previously allowed eligible users to borrow airtime or data and repay during their next recharge. Decision Linked to Regulatory Adjustments In a statement issued on Friday, the company said the move is part of ongoing efforts…
MTN Nigeria has temporarily halted its popular airtime and data loan service, Xtratime, following new regulatory requirements introduced by the Federal Competition and Consumer Protection Commission (FCCPC). The telecom company disclosed the development in a filing to the Nigerian Exchange Limited, stating that the move is necessary to comply with updated rules governing digital lending…
