Saturday, May 9, 2026
Freedom Online
  • Home
  • News
    • Foreign
    • Crime
  • Business
  • Politics
  • Health
  • Entertainment
  • Interview
  • Sports
  • Ad Rates
No Result
View All Result
Freedom Online
  • Home
  • News
    • Foreign
    • Crime
  • Business
  • Politics
  • Health
  • Entertainment
  • Interview
  • Sports
  • Ad Rates
No Result
View All Result
Freedom Online
No Result
View All Result

FCCPC Denies Ban on Airtime Borrowing and Data Advance Services in Nigeria

Robert Imoh by Robert Imoh
April 18, 2026
in News
0

The Federal Competition and Consumer Protection Commission (FCCPC) has clarified that it has not prohibited airtime borrowing or data advance services in Nigeria.

In an official statement released in Abuja, FCCPC spokesperson and Director of Corporate Affairs, Ondaje Ijagwu, dismissed reports suggesting that such services had been banned, describing them as inaccurate and misleading.

Ijagwu explained that the Commission has not issued any directive restricting Nigerians from accessing legitimate telecom value-added services.

He noted that the confusion likely stems from regulatory actions introduced in July 2025, when the FCCPC implemented the Digital Economy and Online Lending (DEON) Consumer Lending Regulations

According to the Commission, these rules were designed to address growing concerns about unfair practices in the digital lending and advance-services sector.

These concerns included hidden charges, unexplained deductions, aggressive debt recovery methods, and poor transparency in service terms.

The FCCPC stated that the regulations aim to create a more transparent and consumer-friendly market by enforcing proper registration of service providers and clear disclosure of fees and conditions.

Other requirements include improved complaint resolution channels, stronger data protection measures, and enhanced accountability among service operators and their partners.

In the telecommunications sector, the Commission revealed that some operators had engaged in restrictive third-party arrangements that violate provisions of the Federal Competition and Consumer Protection Act (2018)

Ijagwu said the new regulatory framework is intended to open up the market, allowing more local participation while promoting fair competition alongside international partners.

He added that these reforms are meant to protect consumers, reduce exploitative practices, and encourage innovation within a well-regulated environment.

The FCCPC also accused certain stakeholders of spreading misinformation in an attempt to resist compliance with the new rules.

The Commission disclosed that telecom operators were initially given a 90-day window to align with the regulations, which was later extended until January 5, 2026.

However, many operators reportedly failed to meet the required compliance standards within the extended period.

Ijagwu urged Nigerians to ignore false reports about any ban and rely on official communication from regulatory authorities.

He reaffirmed the FCCPC’s commitment to safeguarding consumer rights, promoting transparency, and ensuring fair competition in Nigeria’s digital and telecommunications sectors.

Tags: airtime borrowing Nigeriaairtime loan servicesconsumer protection Nigeriadata advance servicesDEON lending rulesdigital lending NigeriaFCCPC newsFCCPC NigeriaNigeria telecom updatestelecom regulations Nigeria
Previous Post

UTME 2026: JAMB Reports Minimal Issues, Warns Candidates Against Exam Fraud

Next Post

NGX Chairman Calls for Balanced Regulation to Boost Digital Assets in Nigeria

Next Post

NGX Chairman Calls for Balanced Regulation to Boost Digital Assets in Nigeria

UniAbuja Graduates 17,200 Students, Honours Odili, Others at Convocation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

https://freedomonline.com.ng/wp-content/uploads/2026/04/VID-20260408-WA0025.mp4
https://freedomonline.com.ng/wp-content/uploads/2025/01/5aeac180-db4e-4e7c-bd37-07ddbf15b053.mp4

Popular Stories

Plugin Install : Popular Post Widget need JNews - View Counter to be installed

Latest Stories

FirstHoldCo grows gross earnings to N3.4trn

May 8, 2026

Aviation Fuel: Airline temporarily suspends some flight routes

May 8, 2026

Osezua knocks Public Sector Reforms in Nigeria

May 8, 2026

Alleged $1.5m fraud: Court throws out objections, denies bail to Investment Holdings boss, Ufoma Joseph Immanuel

May 8, 2026
Uzodimma

PGF passes vote of confidence on Uzodimma, reaffirms unity ahead of 2027 elections

May 8, 2026
ADC

ADC faults court’s indefinite adjournment in leadership dispute suit

May 8, 2026

Ex-President dies at 86, three-day national mourning declared

May 8, 2026
Freedom Online

© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.

Navigate Site

  • Home
  • News
  • Business
  • Politics
  • Health
  • Entertainment
  • Interview
  • Sports
  • Ad Rates

Follow Us

No Result
View All Result
  • #13921 (no title)
  • Advert Rates
  • APC ad
  • Archive Sitemap
  • Contact
  • Contact Us
  • Documents
  • Full Width
  • Homepage
  • Ogun State
  • Ogun State banner ad
  • P-A
  • P-A2
  • Privacy policy
  • Sample Page
  • Sample Page
  • Submit an article
  • Welcome

© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.