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Nigerians are questioning who owns the nine companies linked to the country’s N400 billion airtime lending market after a viral social media debateRecords show some firms are not new entrants, while ownership structures include both local and foreign-linked companiesThe controversy has renewed calls for transparency and clearer regulations in Nigeria’s digital lending sector
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
A viral social media debate has pushed Nigeria’s airtime and data lending industry into the spotlight, with Nigerians demanding answers over the ownership of companies linked to a reported N400 billion market.
The controversy gained momentum after popular blogger Tunde Ednut shared a widely circulated post questioning the identities behind nine companies allegedly positioned to reshape the airtime credit market.
FCCPC dispute adds fuel to confusion around telecom lending claims. Photo: BloombergSource: Getty Images
However, the Federal
