Banks lift suspension of USSD transactions on MTN customers

Commercial banks across the country have lifted their suspension of unstructured supplementary service data (USSD)  transactions on MTN lines. The blockade, according to a report from The Punch, occurred when the telco reduced the banks’ commission from an average of 3.5 per cent to 2.5 per cent. The banks had[Read More…]

CBN introduces N6.98 per transaction for USSD services

The Central Bank of Nigeria has introduced new charges for customers who use the Unstructured Supplementary Service Data services. The directive taking effect from Tuesday means banks will charge a flat fee of N6.98 per transaction for USSD services. It was part of the resolutions met as banks and telecommunication[Read More…]