MTN Nigeria has suspended its airtime and data advance service, Xtratime, following new compliance requirements introduced by the Federal Competition and Consumer Protection Commission (FCCPC).
The company disclosed the development in a filing to the Nigerian Exchange Limited on Thursday, explaining that the suspension is part of efforts to align with the FCCPCâs Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025.
Xtratime allows prepaid subscribers to obtain airtime or data on credit and repay upon their next recharge.
In a notice signed by its Company Secretary, Uto Ukpanah, MTN said the service falls within the scope of the new regulatory framework, which introduces fresh licensing and compliance obligations for providers of digital credit services.
âMTN Nigeria Communications PLC hereby notifies the Nigerian Exchange Limited and the investing public that the company has temporarily suspended its airtime and data credit advance service (âXtratimeâ),â the company stated.
It noted that the decision is tied to the implementation process under the 2025 regulations, which expand oversight of digital and non-traditional lending services in Nigeria.
MTN, however, assured customers that alternative channels for purchasing airtime and data remain operational, adding that the suspension is not expected to significantly affect its financial performance.
âGiven the scale within the revenue mix, we do not expect the temporary suspension to have a material impact,â the company said, while adding that it is monitoring customer usage patterns and will provide updates in its Q1 2026 results.
The FCCPCâs updated framework brings telecom operators and other providers of short-term consumer credit services under stricter supervision, requiring registration and regulatory approval to continue operations.
Transitional compliance timelines have been set, with full registration expected by April 2026 as part of broader efforts to strengthen consumer protection and regulate digital lending activities.
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