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MTN, Banks Meet Tuesday, Customers Reconnected To USSD

Spread the love (AFRICAN EXAMINER) – -MTN customers have been reconnected to banking channels after commercial banks had blocked them from using their channels, including the Unstructured Supplementary Service Data and banking apps on Friday. The channels were blocked as a result of MTN reducing the banks’ commission on USSD airtime to 2.5 per cent. However, following the intervention by the Minister of Communications and Digital Economy, Isa Pantami, the Governor of the Central Bank of Nigeria, Godwin Emefiele, as well as the Nigerian Communications Commission, MTN agreed to revert back to 4.5 per cent commission. In a letter signed by MTN Chief Executive Officer, Karl Toriola, on Saturday and addressed to the Chairman of Body of Banks’ CEOs, Herbert Wigwe, Toriola said a meeting for the reduction of the charges would be held on Tuesday.

Billionaire investors in Nigeria you may not know

Billionaire investors in Nigeria you may not know
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Despite COVID-19 Headwinds, 11 Banks Profits Rise to N941bn

FILE PHOTO: Dr Ngong Cyprian receives his first dose of the Oxford/AstraZeneca coronavirus disease (COVID-19) vaccine from Dr Faisal Shuaib, Executive Director and Chief Executive Officer of the National Primary Health Care Development Agency, at the National hospital in Abuja, Nigeria, March 5, 2021. REUTERS/Afolabi Sotunde/File Photo Obinna Chima Despite the disruptive impact of COVID-19 last year, the full-year financial results of 11 commercial banks for the period ended December 31, 2020, have shown that their combined profit after tax (PAT) for the period under review stood at N941.063 billion, higher than the N917.764 billion they recorded the previous year. The banks are Access Bank Plc, Fidelity Bank Plc, FCMB, FBN Holdings, Guaranty Trust Bank Plc, Union Bank of Nigeria Plc, United Bank for Africa Plc, Zenith Bank Plc, Stanbic IBTC, Sterling Bank Plc and Ecobank Trans National Incorporated.

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