New charges has been introduced by the Central Bank of Nigeria, CBN, for customers using the Unstructured Supplementary Service Data services.
According to the apex bank, from Tuesday customers will pay a flat fee of N6.98 per transaction every time they use USSD services.
The charges were part of the agreements after banks and telecommunication operators met on Monday to discuss the N42bn debt owed mobile operators by banks.
READ ALSO:
A statement on Tuesday and jointly signed by the apex bank’s Acting Director, Corporate Communications, Osita Nwanisobi; and Director, Public Affairs, Nigerian Communications Commission, Ikechukwu Adinde, explained:
“We are pleased to announce that after comprehensive deliberations on the key issues, a resolution framework acceptable to all parties was agreed thus:
“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.
“This approach is transparent and will ensure the amount remains the same, regardless of the number of sessions per transaction.
“To promote transparency in its administration, the new USSD charges will be collected on behalf of MNOs (Mobile Network Operators) directly from customers’ bank accounts. Banks shall not impose additional charges on customers for us of the USSD channel.”
SEE HOW TO MAKE MONEY ON THIS PLATFORM>>[http://bit.ly/2PvYHfC]
Donate to support Freshreporters=>https://freshreporters.com/support
_____________________________________Join thousands of readers to receive daily Latest News:
Join our Telegram Channel=>https://t.me/freshreporters
Like our Facebook Page=> https://facebook.com/freshreporters
Join our WhatsApp Group=> http://bit.ly/3sAh4zf
Follow Us on Twitter=>https://twitter.com/freshreporters
Join Our FACEBOOK GROUP=> https://bit.ly/3ilsqm1
Follow Us on Instagram=>https://instagram.com/freshreporters
Subscribe to our YouTube Channel=> https://bit.ly/3bLfnJj
DISCLAIMER
For publication of your news content, articles, videos or any other news worthy materials, please send a mail to thefreshrepo [email protected]
For Advert and other info, you can send a WhatsApp Message to +2347050565443
PROMO SALES!!! Get cheap WRISTWATCH, SHADES & BRACELET collections😘💃

OK, it’s good to know
Okay
Charges upon charges
We are fed up
Hmmmm upon all the charges charged by the bank there will still be another charges again there is God ooo
waoooo so what is the out come?
But why?
Why?
Life is getting hard in Nigeria
Wahala no dey ever finish for Nigeria
Ahh 6 naira na waw oo
Nigeria is getting hard oo
life gets harder everyday in Nigeria
Nigeria jaga jaga
Waw that’s what I’ve been waiting for Nigeria
Why are they just making things hard for nigerians like this ?
This country sha
Bad news
Haha, charges upon charges. It is well
There is God o
Nawa..they want to finish our money
Good
But why
Wicked people
Okay so each time we dial we pay…. Come on… It’s total bullshit to me
By why
Good to know
Wahala be like Nigeria
This is actually unfair to some people. Not everyone that has a bank account is working. All this charges will soon discourage people from saving in banks
CBN agsin
This is unfair, CBN should consider poor people for God sake.
Nigeria government are robbing masses with new charges, everyday charges upon charges.
Only God can deliver us from those economist day robbery.
It is well