Friday, December 3

Tag: Telcos

USSD: Banks Deny Owing MTN Nigeria, Other Telcos
Business

USSD: Banks Deny Owing MTN Nigeria, Other Telcos

Deposit Money Banks (DMBs) in the country are not indebted to MTN Nigeria and other phone companies for using Unstructured Supplementary Service Data (USSD) platforms to provide payment services, the Chief Executive Officer, Access Bank, Herbert Wigwe has said. Bloomberg yesterday quoted him as saying on an investor call on Thursday that: “There is no such thing as an obligation due from banks to telcos. We chose not to make a public statement out of it because it is not appropriate for us to be found fighting with telcos in public.” Wigwe is the chairman of the Body of Bank CEOs that has been in discussion with MTN Nigeria to resolve a dispute that led some banks to cut off the company from their banking platforms last week. This was after MTN, the nation’s biggest telecom se...
NIN: TELCOs Record 11.8 Million Loss Of Internet Subscribers In 4 Months
Business

NIN: TELCOs Record 11.8 Million Loss Of Internet Subscribers In 4 Months

Broadband penetration in Nigeria has been on a free fall since November last year. According to the recently released industry stats, broadband penetration fell to 42% in February, its lowest in the last 6 months. The drop was compounded by the reduction in subscriptions caused by the Nigerian Communications Commission’s (NCC) temporary embargo on registration and activation of new Subscribers Identification Module (SIM) cards in the country. This followed the initial directive that all operators should integrate NIN to all SIMs currently in use. Telco subscriber losses hit 11.63M in 3 months The report shows that MTN, Airtel and other Telcos lost over 4.13 million subscribers in the month of February. This follows an earlier loss of about 4.2 million in January and 3.3...
Banks, Telcos To Make Over Half A Billion Naira On New USSD Charge
Business

Banks, Telcos To Make Over Half A Billion Naira On New USSD Charge

Nigerian banks and telecommunication companies will realise at least N564 million in the next 12 months as proceeds from the new mobile banking fee approved by the Central Bank of Nigeria, according to PREMIUM TIMES estimates. The CBN and the Nigerian Communications Commission this week settled a prolonged row between banks and telcos by imposing a new fee for the banks’ short-code service, known as USSD, which allows millions of Nigerians to use their mobile phones to access financial services daily. The Association of Licensed Telecommunication Operators of Nigeria (ALTON) said its members were owed N42 billion by banks and threatened to suspend the service. Starting Tuesday, March 16, subscribers now pay a flat rate of N6.98 each time they use the USSD for banking transacti...
FG Wants Telcos To Establish SIM Swap Centres In All 774 LGAs
News

FG Wants Telcos To Establish SIM Swap Centres In All 774 LGAs

The Nigerian Government has approved the establishment of dedicated Subscriber Identification Modules (SIM) Swap centres by Mobile Network Operators (MNOs) across the 774 Local Government Areas (LGAs) of Nigeria This was part of the resolution reached at the Ministerial Task Force meeting on the NIN-SIM registration held at the weekend, and chaired by the Minister of Communications and Digital Economy, Dr. Isa Pantami. Key stakeholders, who joined Pantami at the meeting, included the Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta; DG/CEO of the National Identity Management Commission (NIMC), Aliyu Aziz; DG/CEO of the National Information Technology Development Agency (NITDA), Kashifu Abdullai; Comptroller-Gener...
Data Renewal: NCC Slams N2.8bn Fines On Telcos
News

Data Renewal: NCC Slams N2.8bn Fines On Telcos

The Nigerian Communications Commission (NCC) has fined three mobile network operators, Airtel, MTN and Globacom a sum of N2,794,022,000. New Telegraph learnt that the telecom operators incurred the wrath of the regulator having contravened the rule that bars them from automatically renewing data for their customers. This came as one of the heaviest sanctions against the operators in recent time after the 2016 landmark fine against MTN. The Commission had, on May 21, 2018, issued a directive to all network providers to desist from carrying out automatic or unwarranted renewal of data packages without their subscribers’ consent or risk N5 million fine. The telecom regulator said the directive became imperative in view of the mounting complaints from subscribers against the se...
Leaked Memo Shows Banks Asked Telcos To Charge For USSD
News

Leaked Memo Shows Banks Asked Telcos To Charge For USSD

Nigerian banks proposed to telecom companies to charge customers directly for USSD services, a memo seen by TheCable has revealed. This seems to contradict the public denial by bank CEOs on Monday. They said the decision “on whether, and what amount, to charge a customer for accessing USSD is entirely that of the telco company, in the same way a customer is billed for calls, SMS and data”. In a letter to the Association of Licensed Telecommunications Operators of Nigeria (ALTON) by the Body of Banks’ Chief Executive Officers (BOBCEO) dated September 16, 2019, the bank MDs had proposed an “orderly implementation” of end-user billing for bank customers, “aligning with the standard practice for USSD billing.” They said: “Customers using non-bank services already pay for USSD session...
Communications Minister, Isa Pantami Asks Telcos To Slash Data Price
Politics

Communications Minister, Isa Pantami Asks Telcos To Slash Data Price

Isa Pantami, minister of communications, has directed the Nigerian Communications Commission (NCC) to work with the telecommunications service providers to reduce the price of data. According to Yusuf Abubakar, an aide of the minister, Pantami gave the directive to the regulator when he received a report on the implementation of the ministry’s short-term performance targets. Abubakar said Pantami expressed dismay that despite the high cost of data, Nigerians do not enjoy good internet services. “According to the report from a UK-based price comparison website – Cable, Nigeria is not among the top 10 African countries with low average price of data, a position the Minister of Communications, Dr Isa Pantami, finds worrisome considering the fact that the country has over 174 mill...

Notice: ob_end_flush(): failed to send buffer of zlib output compression (0) in /home/gqbzggmy/public_html/wp-includes/functions.php on line 5107