Days after the Central Bank of Nigeria (CBN) reduced bank charges, telecommunications operators still feel issues negatively affecting them have not been sufficiently addressed. The operators wondered why the CBN did not review the Unstructured Supplementary Service Data (USSD) charges, which had in October pitted them against the banks. But the operators insisted on going ahead with the charges if the CBN and others stakeholders refused to adequately resolve the matter. “The charges on ATM by the banks are not the same thing as the USSD charges being applied on the banking customers. The Director-General of NECA, Dr. Timothy Olawale, said it would make financial services more accessible and affordable to various stakeholders in the economy.

Source: The Guardian December 27, 2019 04:41 UTC