Telcos Recover N107bn from Banks for USSD Debt   The long-term dispute between telecommunications operators and commercial banks over unpaid Unstructured Supplementary Service Data fees appears to be drawing to a close, as telecom companies confirm the recovery of 95 per cent of the N180 billion...

Banks Settle Substantial Debt to Avoid USSD Service Disconnection Nigeria’s telecom operators have kept Unstructured Supplementary Service Data (USSD) services active as banks make significant progress in repaying their outstanding debts, preventing a potential disruption that could have impacted millions of users. The banks, which were...

Some Banks Settle USSD Debt as Deadline Elapses At least five of the nine banks owing telecommunication companies N160 billion for the Unstructured Supplementary Service Data (USSD) have made some form of payment after the Nigerian Communications Commission (NCC) set a January 27 disconnection deadline. In...

Telecoms to Suspend USSD as 18 Banks Owe N250bn Some banks risk disconnection by telecom operators over their failure to comply with a directive of the Nigerian Communications Commission (NCC) to repay the N250 billion Unstructured Supplementary Service Data (USSD) debts. It was learnt that the...

N130bn USSD Debt: Telcos Threaten Court Action Against Banks   Telcommunications operators (Telcos) under the aegis of the Association of Licensed Telecoms Operators of Nigeria (ALTON), have threatened to drag Nigerian banks to court over the unpaid Unstructured Supplementary Service Data (USSD), which has accumulated over...

Banks Offer Telcos N120bn Debt Repayment Plan   Telecommunication firms are considering a repayment plan proposed by Deposit Money Banks to end the N120bn debt on the Unstructured Supplementary Service Data service. A source said the Central Bank of Nigeria (CBN) was intervening in the dispute, and...