Business Hilights

Tracking Nigeria's Headline Business News Online

Unstructured Supplementary Service Data (USSD)

NCC Pantami NGF

Minister, NCC plot quick settlement of 17bn USSD debt

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta has said that commercial banks in the country are owing telecommunications companies over N17 billion following the regulator’s suspension of its Determination on Unstructured Supplementary Service…

NCC Danbatta U

With fresh stake holder engagement, NCC may revise determination on USSD pricing

The Nigerian Communications Commission, in furtherance of its mandate to protect the interests of consumers and support a robust telecommunications sector, has revised its Determination on Unstructured Supplementary Service Data (USSD) pricing published on the 23rd of July, 2019. The…

Konga Pay 2

KongaPay gaining traction with ATM card-less withdrawal, USSD features

Emerging indigenous e-Commerce giant, Konga has recorded yet another feat with the roll-out of card-less withdrawal and unstructured supplementary service data (USSD) features on its payment platform, KongaPay. KongaPay is a secured payment platform licensed by the Central Bank of…

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Communications Minister’s dopamine and Nigeria’s telecom sector

By Charles Ebele No doubt, the Minister of Communications and Digital Economy, Dr. Isa Pantami, has taken the telecommunication by storms, churning out what he often terms broad telecom policy week-in week-out and earning applauses from Nigerians. Nevertheless, to the…

Diamond Bank may exceed 40% lead in USSD transactions volume soon

Whereas the management of leading financial institution, Diamond Bank Plc has said it now controls 40 percent of the volume of Unstructured Supplementary Service Data (USSD) transactions in the banking sector, industry pundits are of the opinion that the bank…

CBN and banks

CBN indicts FG, banks’ over observed failure in deepening financial inclusion

At a time financial inclusion penetration is seemingly weak, the Central Bank of Nigeria (CBN) has listed factors that suggest failures on the side of the federal government and commercial banks as key reasons for the low feat. In his…

Why CBN pegged daily money transfer via mobile phones at N100,000

Fresh details weekend, emerged on why the Central Bank of Nigeria (CBN) has set the maximum amount a bank customer can transfer via mobile phones using shortcodes at N100,000 in a day. A terse statement signed by Director, Banking and…