FCCPC Denies Airtime Borrowing Ban Amid Service Issues

The Federal Competition and Consumer Protection Commission (FCCPC) has dismissed claims of a ban on airtime borrowing services in Nigeria, labeling such reports as false and misleading. The commission's Director of Corporate Affairs, Ondaj Ijagwu, clarified that there has been no direct prohibition on these services, which were temporarily suspended by Airtel and MTN Nigeria due to compliance issues.

The FCCPC attributed recent service disruptions to certain operators failing to adhere to regulatory standards. New regulations aimed at curbing exploitative practices in the digital lending space are set to be introduced in July 2025.

These regulations are designed to enhance transparency, protect consumers, and promote fair competition. The FCCPC emphasized that it seeks to create a more equitable market environment and will enforce compliance, with a deadline extended to January 5, 2026, for operators to align with the new framework.

Non-compliant operators may face further restrictions.