Airtel Suspends Airtime and Data Credit Services in Nigeria
Airtel Nigeria has announced a temporary suspension of its airtime and data credit services due to new compliance regulations introduced by the Federal Competition and Consumer Protection Commission (FCCPC). Ismail Adeshina, the Director of Market at Airtel, stated that this decision was made in response to the FCCPC's digital lending compliance framework, which is set to be fully implemented by October 31, 2025.
The new regulations require companies offering digital non-traditional consumer credit services to register with the FCCPC, with penalties for non-compliance reaching N100 million. While the suspension affects the ability of eligible prepaid customers to borrow airtime and data, Adeshina assured that customers would continue to have uninterrupted access to existing airtime and data purchases through the company's channels.
Airtel Nigeria remains committed to maintaining high standards of compliance and consumer protection while adapting to the evolving digital ecosystem in Nigeria.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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