MTN Nigeria has temporarily suspended its airtime and data credit service, known as Xtratime, to comply with new consumer lending regulations introduced by Nigeria’s competition watchdog.
The telecoms operator said in a statement that the move was necessary to align with requirements set by the Federal Competition and Consumer Protection Commission under its updated framework for digital and non-traditional lending services.
The suspension was disclosed in a filing to the Nigerian Exchange Group, signed by company secretary Uto Ukpanah.
“This relates to the implementation of processes under the Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025,” the company said.
The updated rules extend oversight to telecom operators and other providers of short-term credit, including airtime and data advances, requiring them to register and obtain regulatory approval to continue offering such services.
The framework builds on earlier measures introduced in 2022 but imposes stricter compliance requirements, with a deadline for full registration set for April 2026.
Regulators say the tighter rules are aimed at addressing growing concerns around consumer debt, data privacy and lending practices in Nigeria’s rapidly expanding digital credit market.
MTN Nigeria said customers would still be able to purchase airtime and data through alternative digital channels while the company works to meet the new requirements.
It added that the suspension is not expected to have a material impact on its financial performance, given the relatively small contribution of the Xtratime service to overall revenue.
“We are closely monitoring customer behaviour and usage trends and will provide an update on any quantified impact in our Q1 2026 results,” the company said.
Industry analysts say the move highlights increasing regulatory scrutiny of fintech-like services offered by telecom operators, as authorities seek to bring all digital credit providers under a unified framework.
They add that while the suspension may cause short-term inconvenience for users who rely on airtime advances, it is unlikely to significantly affect MTN’s broader operations.
The development reflects a broader shift in Nigeria toward tighter regulation of digital financial services, as policymakers balance innovation with consumer protection.
