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) services.

According to a statement jointly signed by CBN’s Acting Director, Corporate Communications, Osita Nwanisobi and Director, Public Affairs, Nigerian Communications Commission (NCC), Ikechukwu Adinde, the new charges will take effect from Tuesday, customers will pay N6.98 per transaction every time they use USSD services.

The statement reads;

“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.

“This approach is transparent and will ensure the amount remains the same, regardless of the number of sessions per transaction, it added

4 Comments

  1. God will punished all this useless people for life hard on us the masses….. why all this useless charges again when we have been enjoying this for free for a long time…. why in this hard times must you makes life hard for us……

  2. Why all this at this time ,can’t you people look for money elsewhere instead of rubbing your citizens? This is too bad

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