This decision follows an ex parte application from Nairtime Holdings Limited and its subsidiary, which argued that the telecom giants intended to suspend their access to telecommunications platforms based on new regulatory directives. The court emphasized that telecom operators must maintain agreed contractual notice periods while complying with regulations.

Key details of the case:

• The court delivered its ruling in Abuja following claims by Nairtime that MTN and Airtel intended to suspend their services.
• The injunction was necessary due to suspensions initiated in mid-April 2026 as part of compliance with new digital lending regulations.
• The FCCPC introduced these regulations in July 2025, not banning airtime credit services but asserting that suspensions were commercial decisions.
• The airtime lending market is substantial, estimated between N300 billion and N400 billion annually according to industry associations.

The FCCPC clarified its position, stating that it did not impose a ban on these services. Instead, it claimed that any suspensions were choices made by the telecom operators themselves. This is significant because it highlights the tension between regulatory compliance and commercial decisions within the telecommunications industry.

Yet, uncertainties remain regarding how this ruling will affect future regulatory actions and compliance strategies for these companies. The next steps in this legal battle are eagerly anticipated, especially as they may set precedents for digital lending regulations in Nigeria.

Сообщение Nigeria airtime credit service injunction: What does the court ruling mean? появились сначала на naijanewsreporters.

“Thirty banks have met the new minimum capital requirements applicable to their respective licence authorisations,” stated Hakama Sidi Ali, a key official at the Central Bank of Nigeria (CBN), on March 6, 2026.

This announcement comes as part of a broader recapitalisation programme introduced in 2024, aimed at strengthening the resilience of Nigeria’s banking system. As of the latest update, three banks are still undergoing regulatory verification for compliance.

In total, 33 banks have raised additional capital through various means, including rights issues, initial public offerings (IPOs), and private placements. This effort is seen as a critical step in ensuring that the banking sector remains robust and capable of withstanding economic fluctuations.

The deadline for banks to meet the new capital requirements is set for March 31, 2026. The CBN has emphasized the importance of this recapitalisation exercise, which is regarded as one of the most significant regulatory reforms in Nigeria’s banking sector since the 2004 consolidation exercise.

Hakama Sidi Ali further noted, “The recapitalisation exercise is progressing steadily,” indicating a positive outlook for the ongoing efforts within the banking sector.

Moreover, the CBN has reassured stakeholders that the Nigerian banking system remains stable and sound, despite the ongoing changes. The regulatory body plans to maintain close supervisory engagement with regulated institutions throughout the recapitalisation process.

As the March 31 deadline approaches, the focus will remain on ensuring that all banks meet the necessary requirements to foster a stable financial environment in Nigeria.

Сообщение 30 banks compliant cbn появились сначала на naijanewsreporters.