We report early hour of today that the "Mobile Telephone Networks (MTN) has announced from 21st of October 2019, there will be charges for USSD access to banking.

The MTN made this know to all the users by sending a SMS. They disclosed that the charges for the USSD access to banking cost N4 per seconds.

The Central Bank of Nigerian (CBN) has directed banks to shun telecommunication providers that increase USSD charge.

The CBN governor, Godwin Emefiele, said since the Telcos are adamant about increasing the charge, banks should move their business to any Telco that is ready to offer the service at a lower cost.

It was earlier reported that customers who use unstructured supplementary service data (USSD) channels to access banking services would have to pay new charges from October 21.



Some telecommunications network service providers have sent notices to their customers of the new charge.