CBN imposes N7 USSD transaction fee on Nigerians

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The Central Bank of Nigeria has set new charges payable by customers using USSD services for their financial transactions.

The apex bank said the transaction fees are effective Tuesday, setting a flat rate of N6.98 per transaction.

This was contained in a statement released on Tuesday and signed by the apex bank’s Acting Director, Corporate Communications, Osita Nwanisobi; and Director, Public Affairs, Nigerian Communications Commission, Ikechukwu Adinde.

The announcement was released in a statement titled, ‘Joint Statement By Central Bank Of Nigeria and Nigerian Communications Commission On Pricing Of Unstructured Supplementary Service Data (USSD) Services’.

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