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Goodnews to all bank account owners who use USSD transactions as CBN makes this announcement today

PentaDra
By PentaDra | self meida writer
Published 26 days ago - 11079 views

If you own a bank account and you make use of Unstructured Supplementary Service Data (USSD) transactions, then this announcement from the Central Bank of Nigeria is good news for you. CBN has introduced new charges for every Unstructured Supplementary Service Data (USSD) transaction performed.



The new charges would be effective from today March 16 2021. According to the Apex bank, all Unstructured Supplementary Service Data (USSD) transactions would be charged a flat rate of N6.8 per transaction. Some banks previously charged as high as #20 for a single USSD transfer.

This was made known to the public by the Acting Director of Corporate Communications Osita Nwanisobi.

CBN Governor Godwin Emifiele


According to him, all USSD transactions conducted at Deposit money Banks and all institutions licensed by CBN would attract a flat rate of N6.8.


This is really good news. As many Nigerians use USSD transfers because of it's convenience and the fact that you don't need an internet connection before these transactions are performed.

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