Saturday , October 1 2022

Tag Archives: DMBs

CBN, NCC Peg USSD Charges at N6.98 Per Transaction, Agree on Settlement Plan for Debt

CBN, NCC Peg USSD Charges at N6.98 Per Transaction, Agree on Settlement Plan for Debt

The Central Bank of Nigeria, CBN, and Nigerian Communications Commission (NCC) today said that bank customers are to begin paying N6.98 kobo per Unstructured Supplementary Service Data (USSD) transaction commencing today. The price replaced the former per session billing structure for USSD transactions. They disclosed this in a joint statement …

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CBN Resumes Cheque Clearing in Nigerian Banks

Cheque

The Central Bank of Nigeria (CBN) has given order to resume cheque clearing in banks which was temporary suspended from March 31st, 2020 to “ensure hitch-free clearing and settlement activities” during the first 14-days lockdown. It stated this in a circular to all the DMBs and Nigeria Inter-Bank Settlement System …

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