Weekly Newsletter
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USSD
Why CBN introduced new charges for USSD services
By Chioma Obinagwam Nigeria’s apex monitoring authority, the Central Bank of Nigeria (CBN) in a bid to ensure cheaper Unstructured Supplementary Service Data...
First Bank’s *894# USSD banking service hit 9.5m subscribers
Nigeria’s leading financial inclusion services provider, First Bank of Nigeria Limited has announced that its *894# Unstructured Supplementary Service Data (USSD), Quick Banking...
Minister orders NCC to sanction culpable mobile operators on USSD service charge
The Minister of Communications and Digital Economy, Isa Pantami, has directed the Nigerian Communications Commission (NCC) to sanction mobile network operators in the...
Telcos to charge N4 for every 20 seconds of USSD access to banking services
Customers who use Unstructured Supplementary Service Data (USSD) channels to access banking services would have to pay new charges from October 21. Some...
Don't Miss
Moniepoint hits ₦1trn milestone in SME Loans, marks 10 years of empowering small businesses
By Chioma Obinagwam Moniepoint Inc., Nigeria’s definitive platform for small businesses and Africa’s all-in-one financial ecosystem, today released its 2025 Year in Review,...
Why Nigeria’s Banks Still on Shaky Ground with Big Profits, Weak Capital
By Blaise UdunzeDespite the fragile 2024 economy grappling with inflation, currency volatility, and weak growth, Nigeria’s banking industry was widely portrayed as successful...