MTN Nigeria Communications Plc on Thursday notifies the Nigerian Exchange Group (NGX) and the investing public that the Company has temporarily suspended its airtime and data credit advance service, Xtratime.
Xtratime allows subscribers to borrow airtime or data and repay on their next recharge, a service widely used by millions of Nigerians, particularly during periods of financial constraints.
In the notice signed by the Company Secretary, Uto Ukpanah, MTN said that the suspension is necessary to align with the Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations 2025.
Despite the suspension, MTN assured subscribers that alternative channels for purchasing airtime and data remain available, including banking applications and USSD platforms.
