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N120bn Debt: CBN Wades Into DMBs, Telcos USSD Crisis

N120bn Debt: CBN Wades Into DMBs, Telcos USSD Crisis
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Telecom Operators Withdraw USSD Services To Nigerian Banks Over N120billion Debts

The Association of Licensed Telecom Operators in Nigeria (ALTON) has officially announced the withdrawal of USSD services it provides to Deposit Money Banks (DMBs).   The association said the reason for the withdrawal of the services was due to over N120billion owed members by the deposit money banks. It added that the level of debt was no longer unsustainable given the time/value huge cost of the continuous upgrade and operation of the systems and infrastructure dedicated to supporting USSD transactions.   ....

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Telcos Confirm Withdrawal Of USSD Services To Banks

Telcom companies in Nigeria, under the umbrella of Association of Licensed Telecom Operators in Nigeria (ALTON) have announced that they've withdrawn USSD services it provides to Deposit Money Banks (DMBs) over N120b debt. ....

Gbenga Adebayo , Gbolahan Awonuga , Court Judgement , Network Operators , Association Of Licensed Telecom Operators , Licensed Telecom Operators , Deposit Money Banks , Illegal Fines , Mobile Network Operators ,

Nigeria delays, and will review, new telecoms tax

Nigeria has, for now, held off on plans to impose a 5% tax on telecommunications services that the Ministry of Finance and the Nigerian Customs Service had suggested would be imposed in 2023. ....

Isa Pantami , Nigerian Customs Service , Association Of Licensed Telecom Operators , Digital Economy Minister , Licensed Telecom Operators , Democratic Republic , Democratic Republic Of Congo ,