30 results
- 5 Nov 2017
Telcos Move to Secure USSD Transaction Channel
Telecommunications operators providing Unstructured Supplementary Service Data (USSD) platform are requesting help from money deposit banks to effectively secure the platforms against hackers,…
- 24 Jul 2023
Heirs Insurance Group Launches Mobile App, Chatbot, USSD Channels
Insurance companies, Heirs General Insurance (HGI) and Heirs Life Assurance (HLA), subsidiaries of Heirs Holdings, launched multiple digital channels, making insurance transactions easier for…
- 5 Aug 2020
NCC Revises Determination on USSD Pricing, Gives Nod to Telcos, Banks to Negotiate
Nigerian Communications Commission (NCC), in furtherance of its mandate to protect the interests of consumers and support a robust telecommunications sector, has revised its Determination on…
- 30 Dec 2019
NCC, Others to Meet over USSD Charges
Nigerian Communications Commission (NCC), Central Bank of Nigeria (CBN), and Body of Bank CEOs are to meet to resolve the dispute surrounding charges for use of Unstructured Supplementary Service…
- 11 Apr 2021
Banks Wriggle to Avoid Payment of N43Bn Owed Telcos
The dispute over the N42 billion owed telecommunications operators in the country by money deposit banks took a new dimension at the weekend as the banks claimed they are not indebted to the telcos…
- 16 Mar 2021
Customers to Pay N6.98 for Every USSD Transaction – CBN, NCC
Mobile Network Operators (MNOs) and Deposit Money Banks (DMBs) have agreed on a new pricing regime of N6.98k for every Unstructured Supplementary Service Data (USSD) transaction. This was disclosed…
- 1 Jul 2018
CBN Orders Banks to Settle USSD Disputes in 3 Days
Central Bank of Nigeria (CBN), has directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days. USSD, is a…
- 4 Jun 2021
Banks Begin N6.98 Deduction on USSD Transactions
Bank customers using the unstructured supplementary service data (USSD) payment channels will now pay a flat fee of N6.98 per transaction — replacing the current N4.89 session billing structure.…
- 19 Sept 2022
Clickatell Helps Nigerians Access eNaira Services, Boosting Financial Inclusion
Clickatell, a CPaaS innovator and Chat Commerce leader, has partnered with the Central Bank of Nigeria (CBN) to deliver fast, simple, and cost effective eNaira banking services to all Nigerians using…
- 13 Feb 2024
eNaira Adoption Surges as Value in Circulation Rises to N10bn
The value of eNaira in circulation rose by 302 per cent in nine months to N10.26 billion at the end of September reflecting increased adoption of Africa’s Central Bank Digital currency. It was also…
- 1 Jul 2018
CBN Mandates Banks to Resolve USSD Complaints in 3 Days USSD
The Central Bank of Nigeria (CBN), over the weekend directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days. Mr.…
- 24 Feb 2020
Carbon Launches USSD Service to Enhance Access to Finance
Carbon, the Pan-African digital financial services company, has introduced a USSD service to its platform, making it even easier for individuals that have little or no access to smartphones or the…
- 22 Oct 2019
ALTON Explains Telcos Position on Increase in USSD Charges
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has offered some explanations on issues around telecom operators’ increase on the charges for the Unstructured…
- 5 Apr 2021
MTN, Banks Agree on USSD
MTN Nigeria and its banking partners have reached agreement on unstructured supplementary service data (USSD) channels services restriction. The development is relief for Nigerian customers on the…
- 20 Oct 2019
Minister Orders Telcos to Halt Hike in USSD Charges
Isa Ali Ibrahim Pantami, minister of communications, directed the telcos to halt plan to increase charges on use unstructured supplementary service data (USSD) channels to access banking services…
- 29 Dec 2022
Polaris Bank Assures Nigerians of Seamless Transactions Yuletide
Polaris Bank has assured that customers and non-customers alike can shop seamlessly and carry out all their transactions via its alternate channels: VULTe, USSD *833#, Polaris Mobile,…
- 8 Apr 2021
MTN Plans Long Term Pricing Structure for USSD Transactions with Banks
MTN Nigeria said it has begun the formation of a long term and sustainable pricing structure for its Unstructured Supplementary Service Data (USSD) transactions with bank channel partners. Mr Funso…
- 21 Sept 2018
Experts Urge Banks to Invest in Data Authentication to Boost Financial Inclusion
Investing in data authentication and detection software by the banks and other financial institutions would lead to the expansion of loan database, improve services and boost financial inclusion.…
- 12 Mar 2021
Telcos May Withdraw Banks’ USSD Service over N42Bn Debt
Telecommunications operators have resolved to start phased withdrawal of its Unstructured Supplementary Service Data (USSD) services to debtor financial services providers from Monday next week.…
- 15 May 2023
Why Your Bank’s USSD Code is not Working
Many Nigerians woke up on Saturday morning only to discover that they cannot access their bank’s services via USSD services as usual. If you are one of those who can’t access your bank’s USSD…
- 5 Mar 2026
SmartCash Launches ‘No Be Cho Cho Cho’ Campaign to Boost Digital Banking in Nigeria
Smartcash Payment Service Bank (PSB), the Airtel-owned digital financial services platform, has unveiled a nationwide marketing campaign titled “No Be Cho Cho Cho”, signalling a strategic shift…
- 28 Oct 2024
MoMo PSB Launches Outbound Remittance Service across Africa
MoMo PSB has announced the launch of its outbound and inbound remittance service which enables customers in Nigeria to send money seamlessly to 13 African countries, including Benin Republic,…
- 6 Sept 2018
Clickatell Transact Powers UBA to Launch Chat Banking on WhatsApp in Nigeria
Clickatell, an authorized WhatsApp Business Solution provider, is proud to announce that United Bank for Africa (UBA) will be going live with their Chat Banking solution – Leo on WhatsApp. In a first…
- 28 Apr 2026
Court Orders MTN, Airtel to Keep Airtime and Data Credit Running
Federal High Court in Abuja has restrained MTN Nigeria Communications Plc and Airtel Networks Limited from suspending or restricting airtime and data credit services operated by Nairtime Nigeria…
- 29 Jul 2022
‘A mobile Led Risk-based Approach is Crucial to Achieving Financial Inclusion in Africa’
Fintechs that are innovating, operating and growing throughout Africa have moved on from the broad academic concept of financial inclusion to the practical onboarding and walking hand in hand with…
- 24 Jun 2025
MTN Nigeria Launches "Mega Billion Promo" to Reward Customer Loyalty and Drive Financial Inclusion
MTN Nigeria, the nation's leading telecommunications provider, has announced the launch of the "MTN Mega Billion Promo," a bold, 12-week nationwide consumer promotion designed to celebrate, reward…
- 30 Jun 2025
MTN Nigeria Launches "Mega Billion Promo" to Reward Customer Loyalty and Drive Financial Inclusion
MTN Nigeria, the nation's leading telecommunications provider, has announced the launch of the "MTN Mega Billion Promo," a bold, 12-week nationwide consumer promotion designed to celebrate, reward…
- 2 Jul 2025
195 Lucky Nigerians Set to Win Big in MTN’s Mega Billion Giveaway
In a significant development for telecommunications subscribers across Nigeria, MTN Nigeria has unveiled an extensive consumer promotion, the "MTN Mega Billion Promo," poised to create 195 new…
- 17 Mar 2019
Payment Service Banks in Nigeria, Lessons from the Past
By Emmanuel Okoegwale Ten years ago, there was great optimism that the licensing of mobile money providers will usher in a new era in the drive for greater financial inclusion and fill the vacuum…
- 22 Sept 2013
FirstMonie Gets a Makeover for Convenience, Safety
First Bank of Nigeria Limited said it has upgraded its FirstMonie App for customers to experience fast, safe and convenient mobile money service from the bank. According to the bank, with the growing…