Tuesday, March 16, 2021

CBN imposes N7 USSD transaction fee on Nigerians

The Central Bank of Nigeria has set new charges payable by customers using USSD services for their financial transactions.

The apex bank said the transaction fees are effective Tuesday, setting a flat rate of N6.98 per transaction.

This was contained in a statement released on Tuesday and signed by the apex bank’s Acting Director, Corporate Communications, Osita Nwanisobi; and Director, Public Affairs, Nigerian Communications Commission, Ikechukwu Adinde.

The announcement was released in a statement titled, ‘Joint Statement By Central Bank Of Nigeria and Nigerian Communications Commission On Pricing Of Unstructured Supplementary Service Data (USSD) Services’.

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