CBN introduces new charges for USSD transaction services

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The Central Bank of Nigeria has introduced new charges for customers using the Unstructured Supplementary Service Data (USSD) services.

The apex bank said effective yesterday, customers will pay a flat fee of N6.98 per transaction every time they use USSD services.

It said the new charges was part of the agreement reached when banks and telecommunication operators met on Monday to discuss the 42-billion-naira debt owed mobile operators by banks.

This was contained in a statement released yesterday and jointly signed by the apex bank’s Acting Director, Corporate Communications, Osita Nwanisobi; and Director, Public Affairs, Nigerian Communications Commission, Ikechukwu Adinde.

The Federal Government had last week asked telecommunication operators to put on hold, their impending suspension of USSD services over a 42-billion-naira debt owed by banks. Minister of Communications and Digital Economy, Isa Pantami, had convened a meeting with financial institutions and mobile network operators on Monday.

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