ads…As MTN holds back
Airtel Africa and Globacom have restored airtime lending services in Nigeria after a six-week suspension triggered by a regulatory dispute over digital lending rules, while MTN Nigeria is yet to resume the service.
The return of airtime borrowing services follows a decision by the Federal Competition and Consumer Protection Commission (FCCPC) to suspend enforcement of its controversial Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations (DEON Regulations) 2025 after a court order halted implementation.
The suspension had disrupted services such as ‘Borrow Me Credit’ and other airtime advance platforms used by millions of Nigerians, especially low-income subscribers who rely on small airtime loans during emergencies or temporary cash shortages.
“As we speak, the services in question are already active on Airtel and Glo,” Ayo Stuffman, chairman of the Wireless Application Service Providers Association of Nigeria (WASPAN), said on Monday.adsads
