N120bn USSD Banks Debt won’t be Cancelled - Telcos Chair  Telecommunication firms have said they will not be forgiving the N120bn Unstructured Supplementary Service Data debt banks owe them. They stated that banks must pay the debt, insisting banks would be disconnected once every effort at...

USSD Debt: CBN Moves To Resolve Issues With Banks, Telcos   Following moves by telecommunication companies in Nigeria to disconnect bank customers from accessing online banking transactions that depend on the Unstructured Supplementary Service Data, USSD platform to function, The Central Bank governor has intervened to...

USSD: Banks, Telcos Meet As Debt Hits N100bn   The accumulated debt from Unstructured Supplementary Service Data which Deposit Money Banks owe telecommunication firms has risen to over N100bn. As a result, banks and telcos are expected to hold another round of meetings with a view to...

Cash Crunch: CBN Launches USSD for eNaira The Central Bank of Nigeria has launched the USSD channel of the Central Bank Digital Currency tagged the eNaira on Bullnet platform to boost the usage of the platform. It was launched in Lagos on Thursday during an event...

Commercial Banks to Shut Branches Early Ahead of 2023 Election   Deposit Money Banks have announced they will be closing early on Friday, a day ahead of the presidential polls holding nationwide on Saturday. In notices issued by banks to their customers seen by our correspondents, the...

Banks Begin N6.98 USSD Charge, Customers Kick       Some banks have notified their customers that they will start charging them N6.98 for every USSD transactions. However, experts have said that excessive charges by banks could pose a threat to financial inclusion. According to them, it will increase cash...