Airtel Nigeria has temporarily stopped its airtime and data credit services. It is now the second major telecom company in the country to do this after new rules for digital lending were introduced.
In a statement on Friday, signed by Director of Corporate Communications and CSR Femi Adesina, the company explained that these services let eligible prepaid users borrow airtime or data and pay it back with their next recharge.
This news comes less than a day after MTN Nigeria Communications Plc also suspended its Xtratime service, citing the new Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025.
The new rules set up a detailed licensing and compliance system for companies offering digital or alternative consumer credit in Nigeria. This now includes airtime and data advances from telecom operators.
Airtel noted that despite the suspension, customers would continue to enjoy uninterrupted access to airtime and data purchases through its existing channels. The company added that the move is not expected to materially impact service delivery.
Speaking on the decision, Airtel Nigeria’s Director of Marketing, Ismail Adeshina, said the action was necessary to ensure regulatory compliance.
“This is a necessary and responsible step as we align our operations with evolving requirements. Airtel Nigeria remains committed to the highest standards of compliance, transparency, and consumer protection, while continuing to innovate responsibly within Nigeria’s digital ecosystem,” he said.
Post a Comment