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Nigerians to pay N7 on all Transactions – CBN

The Central Bank of Nigeria has announced a service charge of N6.98 on every USSD transactions by Nigerians

The CBN launched the new charges on all customers who use the USSD (Unstructured Supplementary Service Data)

The Central Bank on Tuesday in a statement said starting today, all customers are to pay a N6.98 flat fee/transaction each time USSD is used.

This agreement comes after telecom operators and banks met this Monday to deliberate on the debt of N42bn the banks are owing mobile operators.

A jointly signed statement released on Tuesday by Osita Nwanisobi, the Acting Director, Corporate Communication of the CBN, and Ikechukwu Adinde, Director, Public Affairs, Nigerian Communications Commission reads

“We are very excited to confirm that after extensive considerations on the main issues, an outcome framework accepted by all parties was adopted:

Written by Oga Merrit

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