Nigerian telecom operators are losing direct control of a lucrative revenue stream estimated at over N400 billion annually, as regulators move to restructure the fast-growing airtime and data lending market.
The shift follows a directive by the Federal Competition and Consumer Protection Commission (FCCPC), which has approved five independent lenders to take over the service, forcing major operators to step back from direct lending.
Under the new framework, companies such as MTN, Airtel, Globacom, and 9mobile will no longer run ‘borrow no
