The Digest:
MTN Nigeria has temporarily suspended its airtime and data credit advance service, Xtratime, to comply with the Federal Competition and Consumer Protection Commission (FCCPC) licensing framework. The new Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025, require telecom operators offering short-term credit to register and obtain approval. MTN assured customers that alternative digital channels remain available for airtime and data purchases.
Key Points:
- Millions of Nigerians who rely on airtime credit advances will lose temporary access.
- The FCCPC is tightening oversight on consumer debt and lending practices.
- MTN says the suspension will not materially impact its revenue mix.
- Other telecom operators may follow suit as the April 2026 deadline approaches.
- The move reflects growing regulatory concern over data privacy and digital credit.
Sources: Premium Times
