🇳🇬NigeriaWest Africa
Nigerian subscribers frustrated as FCCPC directive suspends airtime borrowing services
via Punch Nigeria1 hour ago2 min read
Nigerian telecom subscribers are expressing frustration over the suspension of airtime borrowing services, including the popular *303# short code, across major networks. The Federal Competition and Consumer Protection Commission FCCPC issued a directive leading to this disruption, citing concerns over compliance with the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations DEON 2025. A letter dated April 2, 2026, reportedly instructed operators to halt services linked to the lending framework, requiring telecom companies to only engage FCCPC-approved service providers and warning of enforcement actions for non-compliance. The service, widely used as an emergency credit option, particularly by low-income earners, has been described by users like Segun Olabode as a "financial relief mechanism." Trader Alice Obiateru called it a "lifesaver" for urgent communication, while bureau de change operator Nasiru Mohammed highlighted its importance for business. Despite an interim injunction from the Federal High Court in Lagos restraining the FCCPC from enforcing aspects of the DEON Regulations, the airtime borrowing service remains suspended, leaving millions of subscribers uncertain about its restoration.
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Original source
This summary was AI-generated from a story originally published by Punch Nigeria.
