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| Governor of Central Bank of Nigeria, Godwin Emefiele |
Deposit Money Banks (DMBs) and Mobile Network Operators (MNOs) have resoluted to charge customers using Unstructured Supplementary Service Data (USSD) service a flat fee of N6.98 for each transaction.
In a released joint statement by the Nigeria Communications Commission (NCC) and Central Bank of Nigeria (CBN) on Tuesday, March 16, the new charges is to replace the current per billing structure.
Nigeria's Minister of Communications and Digital Economy, Isa Pantami, chaired a meeting of key stakeholders to discuss an amicable resolution in the interest of the public.
According to the joint statement, It was resolved that effective from March 16, USSD services for financial transactions conducted at DMBs and all CBN licensed institutions, will be charged at a flat fee of N6.98 per transaction.
Meanwhile, TELCOS had recently announced plans to suspend USSD services over N42billion debt owed by financial service providers.
Pantami had asked TELCOS to suspend the planned strike.
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