• Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
DAILY GIST
No Result
View All Result

BREAKING : Banks, MTN Resolve USSD Crisis

Adam PR by Adam PR
April 4, 2021
in BUSINESS
0
JUST IN: MTN Announces Alternative Chanels After Bank Disconnection
20.5k
SHARES
20.5k
VIEWS
Share on WhatsAppShare on TwitterShare on Facebook

Commercial banks on Sunday have unblocked and  reconnected MTN customers to banking channels just after 48hours of disconnection.

A top-up check by DAILY GIST confirmed the reconnection

It was gathered that the development followed the intervention of the Minister of Communications and Digital Economy, Isa Pantami; and the Governor of the Central Bank of Nigeria, Godwin Emefiele.

Pantami in a statement had promised to resolve the USSD crisis between the Telecom, MTN and the commercial Banks affected

DAILY GIST on Friday reported that Commercial banks blocked MTN users from USSD services leaving millions of MTN subscribers frustrated as they were unable to recharge airtime via the USSD.

MTN, with about 77 million subscribers, making up about 45 per cent of the total telecommunication market share in Nigeria, is arguably the largest telecommunication operator in the country.

The blockade occurred when the telco reduced the banks’ commission from 4.5 per cent to 2.5 per cent. The banks had written MTN to revert to the old commission, otherwise, they would block MTN airtime in all their channels.

ALSOREAD

JUST IN: CBN Issues Fresh Directive To Banks On Foreign Exchange

JUST IN: Nigerian Banks Declare Nationwide Strike

JUST IN: Banks Lift Suspension Of International Transaction On Naira Cards

BREAKING: CBN Sets Daily Transaction Limit For Debit Cards, Others

BREAKING: KYC: CBN Mandates Social Media Handles For Bank Customers

The banks, except Zenith Bank which was connected directly to MTN, subsequently blocked MTN from their banking channels, leaving millions of customers stranded as they were unable to recharge virtually.

MTN had explored alternative electronic payment platforms such as Flutterwave, Jumia Pay, OPay, Kuda, Carbon and BillsnPay for customer to recharge their phones.

But in a statement signed by MTN Chief Executive Officer, Karl Toriola and made available to Newsmen noted that the banks revert to the status quo 4.5% commission while a meeting for the reduction of the charges will hold on April, 6 Tuesday.

Toriola in the statement released said, “In an attempt to resolve the current USSD recharge impasse, given the intervention from our regulators, we hereby agree that the banks revert to the status quo of 4.5% commission.

“However, the banks and MTN Communications Nigeria Plc shall sit to agree on various options that will result in the reduction in the costs on 6th of April 2021.”

Share This News

FOR ADVERTS, PUBLICATION AND PROMOTIONS, CONTACT DAILY GIST ON WHATSAPP – 09061956151

JOIN US ON SOCIAL MEDIA

TWITTER — https://twitter.com/NaijamediaNews

THREADS —https://www.threads.net/@dailygistonline

FACEBOOK — https://m.facebook.com/oauvoices

INSTAGRAM —https://www.instagram.com/dailygistonline/ 

 

Tags: BanksMTNUSSD
Previous Post

Never Give Up: See Nigerian Celebrities, Before And After They Made Money (Photos)

Next Post

I Want To Commit Suicide – Popular Nigerian Actress Says In Instagram Post

Adam PR

Adam PR

AdamPR is a young Blogger, Publisher, Web Designer. For Adverts and Publications, He can be reached on WhatsApp - 09061956151

Related Posts

Naira to dollar
BUSINESS

Naira Bounces Back, Appreciates Significantly Against US Dollar At I&E Windows

September 8, 2023
JUST IN: Nigerian Banks Declare Nationwide Strike
BUSINESS

JUST IN: Nigerian Banks Declare Nationwide Strike

September 4, 2023
BREAKING: Naira Depreciates To All-Time Low Against Dollar
BUSINESS

BREAKING NEWS: CBN Releases New Rules For Forex Sale

August 18, 2023
BREAKING: Naira Depreciates To All-Time Low Against Dollar
BUSINESS

JUST IN: Dollar Crashes Against Naira After CBN’s Threat To BDCs

August 15, 2023
BREAKING: NNPC Speaks On New Petrol Price
BUSINESS

BREAKING: NNPC Speaks On New Petrol Price

August 14, 2023
BREAKING: Naira Depreciates To All-Time Low Against Dollar
BUSINESS

BREAKING: Naira Depreciates To All-Time Low Against Dollar

August 10, 2023
Next Post
I Want To Commit Suicide – Popular Nigerian Actress Says In Instagram Post

I Want To Commit Suicide - Popular Nigerian Actress Says In Instagram Post

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TRENDING NEWS

  • BREAKING: Gunmen Lay Deadly Ambush, Several Soldiers, Police, NSCDC Officers Burnt Alive

    BREAKING: Gunmen Lay Deadly Ambush, Several Soldiers, Police, NSCDC Officers Burnt Alive

    22954 shares
    Share 9182 Tweet 5739
  • Plane Carrying Gov Adeleke, Aides Catches Fire

    23081 shares
    Share 9232 Tweet 5770
  • JUST IN: Police Give Update On Mohbad’s Autopsy, Results

    22184 shares
    Share 8874 Tweet 5546
  • TRENDING VIDEO: Blackmailer Releases Popular Comedienne, Lizzy Jay Omo Ibadan Vid€o

    24786 shares
    Share 9914 Tweet 6197
  • JUST IN: NNPC Sacks All Top Management Staff

    22105 shares
    Share 8842 Tweet 5526
  • JUST IN: Oyomesi Names New Alaafin Of Oyo

    21918 shares
    Share 8767 Tweet 5480
  • JUST IN: Alaafin Stool: Gov. Makinde Asked To Arrest Oyomesi

    21890 shares
    Share 8756 Tweet 5473
  • Why I Wont Cut My Dreadlocks Or Stop Wearing Earrings — Newly Appointed Church General Overseer, Jimmy Odukoya

    21888 shares
    Share 8755 Tweet 5472
  • Nurse Who Claimed She Attended To Mohbad Reveals Cause Of His Death

    22687 shares
    Share 9075 Tweet 5672
  • BREAKING: President Tinubu Appoints New Ministers

    21816 shares
    Share 8726 Tweet 5454

DAILY GIST reports Latest News in Nigeria and aims to keep Nigerians updated and informed with Reports and Informations in the aspect of Education, Politics, Health, Business, Technology, Jobs, Entertainment. etc

  • Home
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
  • DESIGNED BY ADAMPR

DAILY GIST © 2020 | All Rights Reserved

No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US

DAILY GIST © 2020 | All Rights Reserved