Dr Isa Pantami, Nigeria’s Minister of Communication & Digital Economy, disclosed that the FG has reached an advanced stage of resolving the issues between MTN and banks, that caused a pause in banking USSD operations on Friday.
The Minister disclosed this in a statement on Friday evening.
What the Minister said
“On the fallout between MTN Nigeria and some banks, on USSD services today, I engaged with both regulators, the Governor of the CBN and the EVC of NCC,” he said.
We have reached an advanced stage of resolving the issues, for the services to be restored to our citizens.”
What you should know
- Nairametrics reported that MTN Nigeria blocked its subscribers from recharging their mobile phones or buying data using the Unstructured Supplementary Service Data (USSD) codes.
- One of the Telco’s partners, who prefers anonymity, alleged that the company singlehandedly decided to cut back on the commissions it pays out to banks and fintechs on the sales of airtime and data without proper engagement.