9 h. ago USSD: 13 banks clear debts as new billing policy takes effect

By Chinenye Anuforo Thirteen commercial banks have fully settled their outstanding Unstructured Supplementary Service Data (USSD) service debts to Mobile Network Operators (MNOs). The remaining three banks are nearing completion of their payments, having cleared over 95% of their respective debts. This disclosure was made by Gbenga Adebayo, Chairman of the Association of Licensed Telecommunications […] The post USSD: 13 banks clear debts as new billing policy takes effect appeared first on The Sun Nigeria.

Economics

46 h. ago USSD charges now deducted from airtime, not bank account — GTBank

Tribune Online USSD charges now deducted from airtime, not bank account — GTBank Dear Customer, please be informed that effective June 18, the N6.98 USSD fee will be deducted from your airtime balance, no longer from... USSD charges now deducted from airtime, not bank account — GTBank Tribune Online

Politics

50 h. ago USSD: Bank customers to be charged from airtime balance from today

Nigerian bank customers will now be charged directly by their mobile network operators for unstructured supplementary service data (USSD) services. The latest comes two weeks after deposit money banks (DMBs) were instructed by the Nigerian Communications Commission (NCC) to stop deducting charges for USSD transactions directly from customers’ accounts. Subsequently, customers were notified through email […] The post USSD: Bank customers to be charged from airtime balance from today appeared first on The Sun Nigeria.

Economics

53 h. ago Bank customers to begin paying for USSD transactions via airtime today

Starting today, June 18, 2025, bank customers will begin paying for financial transactions done through unstructured supplementary service data (USSD) read more Bank customers to begin paying for USSD transactions via airtime today

Economics

4 d. ago DMO unveils plan to issue N50bn Green Bond for environmental projects

The Debt Management Office (DMO) has announced plans to issue a N50 billion green bond aimed at supporting the Federal read more DMO unveils plan to issue N50bn Green Bond for environmental projects

Politics

4 d. ago Utomi, Ighodalo call on Nigeria’s elite to drive national transformation

By Chinelo Obogo Leading voices in public policy have called on prominent Nigerians to take more responsibility in pushing for social change and political engagement. Speaking at a recent virtual summit themed ‘Elites, architects of change’ hosted by the Institute for National Transformation (INT), economist, Prof. Pat Utomi and the Senior Pastor of Trinity House, […] The post Utomi, Ighodalo call on Nigeria’s elite to drive national transformation appeared first on The Sun Nigeria.

Politics

1 week ago Foundation exposes how bank customers lose money via USSD, recycled phone numbers

Tribune Online Foundation exposes how bank customers lose money via USSD, recycled phone numbers A disturbing trend in which bank customers are losing money through fraudulent activities involving recycled phone numbers and Unstructured Supplementary Service Data (USSD) highlighting vulnerabilities in the synergy between banks and telecommunications companies. According to a report by the Foundation for Investigative Journalism (FIJ), if a Nigerian telephone number connected to a Nigerian bank account […] Foundation exposes how bank customers lose money via USSD, recycled phone numbers Tribune Online

Economics

2 w. ago Nigeria‘s $24.14 billion external borrowing plan: New face of debt diplomacy

I am worried that the debt service-to-revenue ratio, which peaked at over 90 percent in 2023, is presently under pressure. read more Nigeria‘s $24.14 billion external borrowing plan: New face of debt diplomacy

Economics

2 w. ago N250bn Debt Dispute: NCC Shifts USSD Billing To Customers’ Airtime

The Nigerian Communications Commission (NCC) has directed Deposit Money Banks (DMBs) to stop deducting charges for Unstructured Supplementary Service Data (USSD) transactions directly from customers’ bank accounts, signaling a major regulatory shift that follows years of unresolved debt and conflict between banks and mobile network operators (MNOs). Under the new arrangement, which took effect yesterday, […]

Economics

2 w. ago Nigerian banks ordered to stop charging USSD fees from customer accounts

The Nigerian Communications Commission (NCC) has told all banks in Nigeria to stop taking USSD charges directly from their customers’ read more Nigerian banks ordered to stop charging USSD fees from customer accounts

Economics

3 w. ago Tinubu seeks Senate’s approval to raise $2bn in domestic debt market

President Bola Tinubu has sought the approval of the Senate to raise two billion dollars in the domestic debt market through  a foreign currency-denominated issuance programme. Tinubu’s request is contained in a letter addressed to the Senate President, Godswill Akpabio, and read at plenary on Tuesday. The president, in the letter, said that the request […] The post Tinubu seeks Senate’s approval to raise $2bn in domestic debt market appeared first on The Sun Nigeria.

Politics

3 w. ago Tinubu Writes Senate, Seeks $2bn Domestic Debt Issuance Approval

President Bola Tinubu has written to the National Assembly seeking its approval for the federal government to raise up to $2 billion in the domestic debt market through the establishment of a foreign currency-denominated issuance programme. The request, submitted in line with Section 44 (1) and (2) of the Fiscal Responsibility Act, 2007, and Presidential […]

Politics

3 w. ago FG Clears 200,000 Passport Backlogs, Pays ₦28bn Debt — Tunji

The Minister of Interior, Olubunmi Tunji-Ojo, on Monday revealed that the Federal Government has cleared over 200,000 pending passport applications and paid ₦28 billion in inherited debts  all without additional government funding. Tunji-Ojo made this known during the Access Bank Guest Lecture Series in Lagos on Tuesday, where he delivered a keynote address titled Dare […] The post FG Clears 200,000 Passport Backlogs, Pays ₦28bn Debt — Tunji-Ojo appeared first on Information Nigeria.

Economics

3 w. ago NDPHC blames gas shortages, transmission issues, N600bn debt for operational setbacks

Tribune Online NDPHC blames gas shortages, transmission issues, N600bn debt for operational setbacks Management of Niger Delta Power Holding Company (NDPHC) Limited has explained that gas supply challenges, transmission constraints, and close to N600 billion debt being owed to the company by Nigeria Bulk Electricity Trading (NBET) and other bilateral entities are hindering its operations. NDPHC blames gas shortages, transmission issues, N600bn debt for operational setbacks Tribune Online

Politics

4 w. ago US: Trump’s tax bill passes House, set for Senate amid debt concerns

Tribune Online US: Trump’s tax bill passes House, set for Senate amid debt concerns Trump has reportedly grown frustrated with demands to preserve the deduction. US: Trump’s tax bill passes House, set for Senate amid debt concerns Tribune Online

Economics

4 w. ago Concerns mount as external debt servicing gulps $2.01bn in 5 months

By Chinwendu Obienyi Nigeria’s external debt obligations are tightening the noose around its fragile economy, as the country spent a staggering $2.01 billion on external debt servicing between January and April 2025. This represents a 50 per cent increase compared to the $1.33 billion recorded during the same period last year. Latest figures from the […] The post Concerns mount as external debt servicing gulps $2.01bn in 5 months appeared first on The Sun Nigeria.

Politics