The Nigerian Communications Commission (NCC) acquiesced to the demand of mobile network operators (MNOs) to suspend debtor money deposit banks (DMBs) such as Zenith Bank, UBA, FCMB and six others, after attempts at a peaceful resolution of the conflict over cash to be paid for USSD sessions fell through. USSD or Unstructured Supplementary Service Data…
The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has reiterated that the Federal Government would not allow telecoms companies to increase tariff by 100 per cent. For some years now, the telecoms companies have been asking for increase in tariff, citing rising operational cost, inflation and naira devaluation among others. Tijani, who was…
Telecom operators may have received the approval of the Nigerian Communications Commission (NCC) to disconnect some money deposit banks (DMBs) over their failure to comply with regulators’ directive to effect repayment of the N250billion that arose from the use of the Unstructured Supplementary Service Data (USSD), it was gathered on Monday. According to industry sources,…
Nigeria stands out globally for its affordable mobile data costs, offering cost-effective connectivity services to data users nationwide. With an average data cost of $0.38 for a gigabyte, mobile data in Nigeria is one of the cheapest in the world and one of the lowest in Africa. This position was affirmed by the International Telecommunications…
After over a decade of stagnant telecom end user tariff regime, the Federal Government, yesterday gave an indication that indeed, there will be a review, but not the 100per cent pushed for the mobile network operators (MNOs), themorningstar.com.ng reports on the implications of the development. For most part of last year, the push for an…
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…
A Nigerian carrier that secured a fifth generation (5G) technology licence in 2021, Mafab Communications, will begin operations by the end of Q1 2025, according to its Chief Operating Officer Adebayo Onigbanjo. This will mark the first time Mafab’s services will be commercially available, nearly three years after the company entered the 5G market. Mafab…
Telecom sector regulator, the Nigerian Communications Commission (NCC) has granted approval to MTN Nigeria to disconnect Exchange Telecommunications Limited (Exchange) over unpaid interconnect debts. According to information sourced from its website, Exchange Telecommunications Limited is a local and international interconnect Carrier. The largest in Nigeria, it has four Points-Of-Interconnect nationwide connected via a fibre ring…
The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have ordered banks to pay ₦212.5 billion—85per cent of a ₦250 billion debt owed to telecom operators for USSD charges—by December 31, 2024, to a December 20 memo.USSD stands for Unstructured Supplementary Service Data, a communication protocol that allows a phone to connect…
