This post was originally published on this site.
About 40 million Nigerians temporarily lost access to airtime and data borrowing services during the regulatory disputeIndustry operators warned that the disruption threatened a N300 billion to N400 billion marketThe FCCPC suspended enforcement of the regulations pending the court’s ruling
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.
When Farouk Rabiu ran out of data and urgently needed to access his bank account, he turned to a service millions of Nigerians rely on during emergencies, airtime borrowing.
FCCPC suspends enforcement after backlash over airtime lending rules Photo: NurphotoSource: Getty Images
However, the option was unavailable.
Rabiu said:
“The first time I realised I could no longer borrow credit on Glo and MTN came as a big surprise.””I was devastated because, after exhausting my data, I was hoping to borrow credit to access my bank account. Instead, it
