• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

  • Fact-Check
  • Economy
    • Customs Partners US Mission to Prevent Expanded Visa Ban

      Nigeria Customs Partners China on Smarter Ports, Officer Training, Reforms

      Comptroller General Nigerian Customs Bashir Adewale

      Customs Moves Against 223 Importers in N379bn Permit Breach

      Bashir Adewale Adeniyi Customs Boss

      How Customs is Tightening Borders to Stop Illicit Cash Flows –…

      Customs boss, CGC Bashir Adewale Adeniyi with NAFDAC DG Professor Moji Adeyeye

      Codeine, Tramadol Worth ₦20.5bn Seized as Customs-NAFDAC Cooperation Deepens

  • National
    • Group Chief Executive Officer (GCEO), Bayo Ojulari

      Purported Resignation: Who are after NNPC Boss Bashir Ojulari

      Dr. Emmanuel Ojukwu and representatives at NIPR FCT the meeting

      NIPR FCT Chapter Focuses on Crisis Communication and Professionalism

      Inspector-General of Police Kayode Adeolu Egbetokun

      IG Boosts Police Intelligence Capacity with New Tech, Training for Technical…

      Army Commander keeps 100 students in school

      Army Commander’s Compassion Keeps 100 Students in School in Zamfara

      Sam Obi Sponsors 500 students

      Sam Obi Sponsors 500 Students in Evergreen, SimplifiedIQ’s Education Program

    • Government
      • Group Chief Executive Officer (GCEO), Bayo Ojulari

        Purported Resignation: Who are after NNPC Boss Bashir Ojulari

        The Paramount Ruler of Oka-Akoko, His Imperial Majesty Oba (Dr) Yusuf Adebori Adeleye, OON, the Olubaka of Oka

        Olubaka of Oka Praises Foundation for “Best Oka Day” Festival

        Dr. Emmanuel Ojukwu and representatives at NIPR FCT the meeting

        NIPR FCT Chapter Focuses on Crisis Communication and Professionalism

        Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

        FG Reacts to Niger Governor’s Closure of Badegi FM

        Northern leaders at Arewa Summit

        Northern Leaders Urge Action on Almajiri Crisis, Equitable Resources at Arewa…

  • Security
    • After ₦250m Ransom Demand, Security Guard Arrested for Murder of Caregiver,…

      The Director of Defence Media Operations, Major-General Markus Kangye,

      Troops Eliminate Dozens of Terrorists, Arrest 578 Suspects in July Operations

      Inspector-General of Police Kayode Adeolu Egbetokun

      IG Boosts Police Intelligence Capacity with New Tech, Training for Technical…

      Nigerian Police Force

      Anambra Police Nab Wanted Kidnap Suspect in Kaduna

      Nigerian Navy

      Navy to Establish  Base in Kebbi to Tackle Inland Waterway Crimes

  • Features
    • CG Customs Bashir Adewale Adeniyi

      Customs Just Wrote Nigeria’s Energy Rulebook

      Okello Oculi

      Okello Oculi: A Pan-Africanist Asteroid Burns out Forever By Is’haq Modibbo…

      Leon Usigbe

      Death, you can’t be Proud of this By Abdulrahman Abdulraheem 

      Tinubu’s Plateau Gambit – Yilwatda, 2027, and the Return of the…

      Ozumi and a recipient of a wheelchair

      Wheels of Hope: How a Simple Gift is Reshaping Lives at…

  • State
    • After ₦250m Ransom Demand, Security Guard Arrested for Murder of Caregiver,…

      court Judiciary

      Lawyer Sues Housing Ministry, FHA Over Alleged Property Redesign

      Army Commander keeps 100 students in school

      Army Commander’s Compassion Keeps 100 Students in School in Zamfara

      Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, receiving the land document from Governor Pastor Umo Bassey Eno in Akwa Ibom

      Akwa Ibom Boosts National Security with Land Donation for Nigerian Air…

      Nigerian Army

      Army Denies Allegations of Misconduct in Imo Community

  • Event
    • The Paramount Ruler of Oka-Akoko, His Imperial Majesty Oba (Dr) Yusuf Adebori Adeleye, OON, the Olubaka of Oka

      Olubaka of Oka Praises Foundation for “Best Oka Day” Festival

      court Judiciary

      Lawyer Sues Housing Ministry, FHA Over Alleged Property Redesign

      Sam Obi Sponsors 500 students

      Sam Obi Sponsors 500 Students in Evergreen, SimplifiedIQ’s Education Program

      Comptroller General Customs Bashir Adewale and his staffs with the representatives of the European Union, the German Embassy

      Customs Unveils Renewable Energy Handbook, Strengthens EU-Germany-GIZ Partnership

      University of Maiduguri

      UNIMAID Mass Comm becomes Faculty of Communication and Media Studies

    • PR Nigeria Award
  • E-Paper
Home Economy NCC engages CBN over telcos operators, banks’ N250bn USSD debt
  • Economy
  • State

NCC engages CBN over telcos operators, banks’ N250bn USSD debt

By
Prnigeria
-
November 21, 2024

NCC engages CBN over telcos operators, banks’ N250bn USSD debt

The Nigerian Communications Commission (NCC) said it is engaging with the Central Bank of Nigeria (CBN) over the Unstructured Supplementary Service Data (USSD) debt issue between the telecom operators and the commercial banks in the country.

USSD, also known as quick or feature codes, is a global system for mobile communications (GSM) protocol that is used to send text messages and initiate financial transactions such as cash transfers, balance inquiries, payments for services and others.

Chief Executive Officer (CEO) of MTN Nigeria, Karl Toriola had said in October that banks might be disconnected from the USSD platform due to debt arising from the use of the quick codes by their customers.

The executive secretary of the Association of Licensed Telecommunication Operators of Nigeria (ALTON) Gbolahan Awonuga said in October that the debt had increased to N250billion.

Read Also:

  • Purported Resignation: Who are after NNPC Boss Bashir Ojulari
  • Will Presidential Gifts Follow as Nigerian Female Basketballers D’Tigress Reach 5th Consecutive AfroBasket Final?
  • After ₦250m Ransom Demand, Security Guard Arrested for Murder of Caregiver, Toddler in Abuja School

In 2019, telcos said they could no longer provide the services for free and proposed to take a cut of N4.50k per 20 seconds from the charges paid by customers to the banks.

However, banks kicked against it, alleging that it would raise costs by 450 percent.

Toriola had said mobile network operators (MNOs) might, subject to regulatory approval, suspend supporting the use of the service on the network for banking operations, as the debt had continued to pile up and was becoming unsustainable to the operators.

However, the NCC said it is engaging with the CBN to amicably settle the issue.

NCC’s Director of Consumer Affairs Bureau, Dr Ikechukwu Adinde, who disclosed this during a training programme for journalists on emerging trends in the telecom sector, said it was hopeful that the issue would soon be settled.

NCC officials also disclosed plans to introduce reforms aimed at enhancing tariff transparency in the telecommunications industry.

These changes, set to roll out in the coming months, will require telecom operators to provide consumers with clear, easily accessible tables outlining tariff plans, billing rates, and the terms and conditions associated with their services.

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Central Bank of Nigeria
  • Nigerian Communications Commission
  • Unstructured Supplementary Service Data
Previous articleSenate Approves Tinubu’s Fresh $2.2bn Loan
Next articleDHQ: Troops Eliminate 115 Terrorists, Free 138 Kidnapped Hostages in One Week
Prnigeria
Prnigeria

RELATED ARTICLESMORE FROM AUTHOR

After ₦250m Ransom Demand, Security Guard Arrested for Murder of Caregiver, Toddler in Abuja School

court Judiciary

Lawyer Sues Housing Ministry, FHA Over Alleged Property Redesign

Army Commander keeps 100 students in school

Army Commander’s Compassion Keeps 100 Students in School in Zamfara

Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, receiving the land document from Governor Pastor Umo Bassey Eno in Akwa Ibom

Akwa Ibom Boosts National Security with Land Donation for Nigerian Air Force Base

Nigerian Army

Army Denies Allegations of Misconduct in Imo Community

Military Troops in Action

Troops Repel Bandit Attacks in Katsina, Plateau, Recover Rustled Cattle, Sustain Casualties

Nigerian Navy Personnel

Navy Destroys 10 Illegal Refineries in Niger Delta

Beyond Hoes and Sticks: The Power of Education for Peace in Arewa

National Blood Service Agency

FG Pledges Stronger Support for Blood Services, Seeks Scalable Interventions from NBSA

Tinubu’s Government Unveils Multi-Sectoral Initiatives to Boost Northern Region’s Development

Troops Neutralise 6 Terrorists in Coordinated Operations Across Borno, Recover Firearms

nipr logo

NIPR Slams Fake News Peddlers over Alleged Lafia Flyover Collapse

Recent Posts

  • Purported Resignation: Who are after NNPC Boss Bashir Ojulari
  • Will Presidential Gifts Follow as Nigerian Female Basketballers D’Tigress Reach 5th Consecutive AfroBasket Final?
  • After ₦250m Ransom Demand, Security Guard Arrested for Murder of Caregiver, Toddler in Abuja School
  • Olubaka of Oka Praises Foundation for “Best Oka Day” Festival
  • NIPR FCT Chapter Focuses on Crisis Communication and Professionalism
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Purported Resignation: Who are after NNPC Boss Bashir OjulariWill Presidential Gifts Follow as Nigerian Female Basketballers D’Tigress Reach 5th Consecutive AfroBasket Final?After ₦250m Ransom Demand, Security Guard Arrested for Murder of Caregiver, Toddler in Abuja SchoolOlubaka of Oka Praises Foundation for "Best Oka Day" FestivalNIPR FCT Chapter Focuses on Crisis Communication and ProfessionalismTroops Eliminate Dozens of Terrorists, Arrest 578 Suspects in July OperationsFG Reacts to Niger Governor’s Closure of Badegi FMInformation Ministry Inaugurates Anti-Corruption Unit to Deepen TransparencyIG Boosts Police Intelligence Capacity with New Tech, Training for Technical Intelligence UnitAnambra Police Nab Wanted Kidnap Suspect in KadunaCustoms Just Wrote Nigeria's Energy RulebookLawyer Sues Housing Ministry, FHA Over Alleged Property RedesignNavy to Establish  Base in Kebbi to Tackle Inland Waterway CrimesArmy Commander's Compassion Keeps 100 Students in School in ZamfaraSam Obi Sponsors 500 Students in Evergreen, SimplifiedIQ's Education Program
X whatsapp