Nigeria's FCCPC Denies Role in Airtime Credit Restructuring, Suspends Digital Lending Rules

The Federal Competition and Consumer Protection Commission (FCCPC) in Nigeria clarified that it had no involvement in the reported restructuring of the country's airtime credit market. The commission rejected claims that it had submitted the names of local fintech firms to the presidency for approval, stating that the reports linking it to the initiative were inaccurate.

The FCCPC also confirmed that enforcement of the Digital, Electronic, Online or Non‑Traditional Consumer Lending Regulations 2025 (DEON Regulations) remains suspended. The suspension follows an ex‑parte order issued by the Federal High Court in Lagos at the request of the Wireless Application Service Providers Association of Nigeria (WASPAN). The court has scheduled a further hearing for 20 July 2026, and the FCCPC said it must halt all enforcement activities until a final decision is made. The commission emphasized its commitment to consumer protection, legal compliance, and a transparent digital lending environment.