BREAKING: CBN introduces new USSD charges for customers

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

 

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

The apex bank has announced that from Tuesday, customers will pay N6.98 per transaction every time they use USSD services.

This was contained in a statement jointly signed by CBN’s Acting Director, Corporate Communications, Osita Nwanisobi and Director, Public Affairs, Nigerian Communications Commission (NCC), Ikechukwu Adinde.

“Effective March 16, 2021, USSD services for financial transactions conducted at DMBs (Deposit Money Banks) and all CBN-licensed institutions will be charged at a flat fee of N6.98 per transaction.

“This replaces the current per session billing structure, ensuring a much cheaper average cost for customers to enhance financial inclusion,” it read in part.

It added that “this approach is transparent and will ensure the amount remains the same, regardless of the number of sessions per transaction.”

COMMENTS

Name

BBNaija,2116,Business,2724,CampusGist,1035,Celeb,4898,celebrities,240,Comedy,8,CONFESSION,11,Education,2383,Entertainment,5763,Fashion,367,Featured,626,Gist,2037,Health,716,Job,3,Lifestyle,873,Music,153,MY STORY,37,News,81073,Opinion,800,Poem,10,Politics,13219,Relationship,210,Sponsored Contents,31,Sports,16664,Style & Travel,47,Success Stories,265,Technology,342,Video,114,
ltr
item
Saga Gist - Top Source for Nigeria News: BREAKING: CBN introduces new USSD charges for customers
BREAKING: CBN introduces new USSD charges for customers
https://dailypost.ng/wp-content/uploads/2020/01/RTX4HPB4-e1542673923834.jpg.webp
Saga Gist - Top Source for Nigeria News
http://www.sagagist.com.ng/2021/03/breaking-cbn-introduces-new-ussd.html
http://www.sagagist.com.ng/
http://www.sagagist.com.ng/
http://www.sagagist.com.ng/2021/03/breaking-cbn-introduces-new-ussd.html
true
3363430711841052055
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content