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USSD debt: Banks complying with CBN, NCC directive to pay ₦212.5b to telcos

Commercial banks owing telcos N250 billion USSD debt are complying with the joint order of the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) to pay ₦212.5 billion—85per cent of a ₦250 billion debt as stipulated in a December 20 memo. USSD stands for Unstructured Supplementary Service Data, a communication protocol that…

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Airtel Nigeria gets new CEO

Airtel Africa has announced the appointment of Dinesh Balsingh as the Managing Director and Chief Executive Officer of Airtel Nigeria, effective November 1, 2024.  By this appointment, Balsingh also became a member of the Executive Council for the Airtel Africa Group. He takes over from Carl Cruz, who returned to his home country, The Philippines,…

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