Dispute between MTN and banks over airtime commission resolved

6 Apr 2021

A dispute which resulted in most Nigerian banks cutting off MTN Nigeria from their banking platforms – preventing millions of the operator’s customers from buying credit for their mobile phones – has been resolved following intervention from the country’s authorities. Bloomberg reports that MTN Nigeria agreed to restore the 4.5% commission it pays lenders for providing payment platforms to subscribers following an intervention from the Central Bank and the Minister of Communications and Digital Economy, Isa Ali Ibrahim Pantami. MTN had reduced the commission to 2.5%, a move which prompted most banks to suspend airtime sales through all channels. MTN, which is Nigeria’s largest mobile operator by subscribers, and the banks will meet again on 6 April in an attempt to fully resolve any dispute.