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Commercial banks and mobile network providers don begin charge customers a flat rate of N6.98 per USSD transaction

USSD: Wetin be USSD transaction - tins you fit use am do and how di new CBN law fit affect you 17 March 2021 Wia dis foto come from, Getty Images Nigerians don begin reason how di new Unstructured Supplementary Data Services (USSD ) charges go affect di pocket of mobile banking users wey go now pay ₦6.98 flat fee for any transaction. Central Bank of Nigeria (CBN) and Nigerian Communications Commission (NCC) introduce dis new charge to end di disagreement between banks and telecoms operators and e go begin take effect from From Tuesday, March 16. Dis new charges according to CBN na part of d...

On Tuesday 16 March The Central Bank of Nigeria and the Nigerian Communications Commission impose new charge for mobile banking services as part of process to end disagreement between banks and telecoms operators. Nigeria highest bank say starting from Tuesday, customers will have to pay flat fee of N6.98 per transaction every time they use Unstructured Supplementary Data Services alias USSD services. This new charges according to CBN for inside statement release is part of the agreement that the banks and telecommunication operator agreed after meeting on Monday to discuss the N42bn debt th...