Banks’ USSD debt to telcos hits N17bn, says Danbatta

NCC amends USSD pricing procedure for banking services

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta has said that commercial banks in the country are owing telecommunications companies over N17 billion following the regulator’s suspension of its Determination on Unstructured Supplementary Service Data (USSD) Pricing last year. The NCC, in furtherance of its mandate to protect the interests of consumers and support a robust telecommunications sector, recently announced that it had revised the Determination on the USSD. Speaking at ATCON’s virtual forum on “Meeting the Interests of Government, Consumers and Telecoms Companies in…

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NCC amends USSD pricing procedure for banking services

NCC amends USSD pricing procedure for banking services

The Nigerian Communications Commission (NCC) has revised its Determination on Unstructured Supplementary Service Data (USSD) pricing published on the 23rd of July, 2019. This is in furtherance of its mandate to protect the interests of consumers and support a robust telecommunications sector, the commission explained in a statement signed Wednesday by Dr. Ikechukwu Adinde, its Director of Public Affairs. The amendment was necessitated following a protracted dispute between Mobile Network Operators and Financial Institutions on the applicable charges for USSD services and the method of billing. As a responsive and effective…

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FirstBank’s *894# Code: Bypassing lockdown to offer banking services

FirstBank SMEConnect

Against the backdrop of the COVID-19 pandemic, millions of bank customers in Nigeria and abroad have been forced to remain at home due to restrictions and lockdown orders adopted as a potent measure against further spread of the virus. This measure, which did not exclude commercial institutions, particularly banks, threw up the challenge of how customers can still have access to banking services despite the lockdown that has put banking halls partially under locks and keys across the country. Throughout the period that the banks were not active at their…

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