By June 2024, some banks had allegedly begun making payments, but it seems the issue was not resolved, further prompting regulatory action.
The Central Bank of Nigeria (CBN) and the NCC intervened after major telecom providers (MTN, Airtel, GLO, and 9mobile) threatened to cut off banks from their USSD service.
CBN set a payment deadline for January 2, 2025, while the NCC stated that if any bank failed to remit the charges on or before January 27, 2025, the USSD codes would be cut off and reassigned to other businesses.
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