FCCPC Approves Five New Airtime and Data Lenders as Telcos Suspend Service
The Federal Competition and Consumer Protection Commission has authorised five companies to offer airtime and data lending services in Nigeria. This follows MTN, Airtel, Globacom and 9mobile halting their credit facilities over fresh Digital Consumer Lending Regulations. Approved operators Total Tim Nigeria, Rane Interactive Medien CLS, Mode NG Applications, Cloud Interactive Associate and Coverage Broadband met the requirements under rules introduced in 2025 to ensure fairer, more transparent digital lending. Telecom firms say the new regulations add to existing oversight by the Nigerian Communications Commission, so they paused direct lending. The approved lenders will now partner with telcos and share revenues while restoring emergency airtime access via standard USSD codes. Many Nigerians depended on quick airtime advances using the *303# code. Users warn that suspending the service has hurt those in urgent need and hope the new arrangements will bring back reliable credit.
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