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Banking Business Top Story

Banks’ USSD debt increases to N80bn – Telecom operators

Banks’ Unstructured Supplementary Service Data (USSD) debt has increased to N80 billion from the N42billion reported in 2021 the Association of Licensed Telecommunications Operators of Nigeria (ALTON) has said. Mr. Gbenga Adebayo, the President of ALTON, divulged this at the ICT Growth Conference 2.0 organised by the Nigeria Information Technology Reporters Association (NITRA), on Thursday in Lagos. Read More…

Business Telecommunications Top Story

Telcos withdraw shortcodes for bank transfers from Monday

An unresolved squabble between banks and Mobile Network Operators (MNOs) over accumulated service debt may cause consumers to stop enjoying the use of Unstructured Supplementary Service Data (USSD) codes otherwise known as shortcodes from Monday, 15th March. In a press statement issued by the MNOs under the umbrella of the Association of Licensed Telecommunications Operators Read More…