Banks’ USSD debts to telecom firms hit N47 billion The total debts owed by banks to telecommunications service providers arising from the use of Unstructured Supplementary Service Data (USSD) have risen from N42 billion to N47billion. USSD is a Global System for Mobile Communications (GSM) protocol...

USSD Charges: MTN, Banks To Resume Talks Today       The meeting between MTN and Deposit Money Banks (DMB) that was held in Lagos ended inclusively yesterday and would continue today. One of the regulatory sources, who confided in our correspondent, said the meeting was a hybrid one,...

MTN, Banks To Meet Tuesday, Customers Reconnected To USSD       MTN customers have been reconnected to banking channels after commercial banks had blocked them from using their channels, including the Unstructured Supplementary Service Data and banking apps on Friday. The channels were blocked as a result of...

N6.98 USSD Flat Rate Will Stabilise Payment System - CBN       The Central Bank of Nigeria (CBN) has said the harmonisation of all Unstructured Supplementary Service Data (USSD) fees to a single rate of N6.98 will stabilise Nigeria’s payment system. In a report released yesterday, the apex...

Jaiz Bank Commits to Financing MSMEs Jaiz Bank Plc, the premier non-interest bank in Nigeria says it is committed to financing Micro, Small and Medium scale Enterprising (MSME) in the country. The Bank’s Regional Manager(Northwest) Dr. Nuruddeen Liman Ahmed said this yesterday at the ongoing Kano...

GITEX 2020: NITDA Unveils Top 10 Nigerian Tech Start-Ups At Global Forum       The National Information Technology Development Agency (NITDA) has unveiled 10 top Nigerian tech startups who have produced critical solutions to emerging technology. The Director-General of NITDA, Kashifu Inuwa said the agency has offered full...