The Federal Competition and Consumer Protection Commission (FCCPC) of Nigeria has directed telecommunications companies to suspend the popular *303# airtime lending service. The directive, issued in early April 2026, follows an investigation into the service's terms and conditions.
The FCCPC stated the suspension is necessary to protect consumers from potentially exploitative practices. The commission identified concerns regarding high interest rates, hidden fees, and aggressive debt recovery methods associated with the service.
Major network providers, including MTN, Airtel, and Glo, have complied with the order, disabling the service for their subscribers. The service allowed users to borrow small amounts of airtime, which would be deducted from their next recharge, often with an additional fee.
The FCCPC has initiated a wider investigation into digital lending practices in Nigeria. The commission has not provided a timeline for when, or if, the service might be reinstated under new regulatory guidelines.
