{"id":40473,"date":"2021-04-05T17:25:59","date_gmt":"2021-04-05T17:25:59","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/?p=40473"},"modified":"2021-04-05T17:01:16","modified_gmt":"2021-04-05T17:01:16","slug":"banks-unblock-mtn-resume-ussd-services","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-unblock-mtn-resume-ussd-services","title":{"rendered":"Banks unblock MTN, resume USSD services"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a>. <\/strong><\/span>The Managing Director and Chief Executive Officer, MTN Nigeria, Karl Toriola, has announced the decision to revert discount to 4.5 percent commission with banks.<\/p>\n<p>MTN had reduced banks\u2019 commission from an average of 3.5 percent to 2.5 percent, which led to a disagreement between the teleco and commercial banks.<\/p>\n<p>Following the development, Nigerians had taken to various social media to complain about the difficulties in buying airtime or data after all the Deposit Money Banks (DMBs) in the country had blocked MTN from banking channels.<\/p>\n<p>Reacting, the Minister of Communications and Digital Economy, Dr Ali Pantami, on Saturday, assured MTN subscribers that USSD services for the network will be restored soon, adding that a meeting with the regulators of the two industries (CBN and NCC) had been held.<\/p>\n<p>However, while giving an update in a statement released on Sunday, Toriola announced that the telecom have reverted the discount to 4.5 Percent Commission.<\/p>\n<p>\u201cIn an attempt to resolve the current USSD recharge problems, given the interventions from our regulators, we hereby agree that Banks revert to the status quo of 4.5% commission,\u201d the statement said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Managing Director and Chief Executive Officer, MTN Nigeria, Karl Toriola, has announced the decision to revert discount to 4.5 percent commission with banks. MTN had reduced banks\u2019 commission from an average of 3.5 percent to 2.5 percent, which led to a disagreement between the teleco and commercial banks. Following the development, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":40472,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,28,26],"tags":[1570,2140,592,254,3732],"class_list":["post-40473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-nigeria-2","tag-mtn","tag-nigeria","tag-ussd-services"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Banks unblock MTN, resume USSD services - Nigeria<\/title>\n<meta name=\"description\" content=\"The Managing Director and Chief Executive Officer, MTN Nigeria, Karl Toriola, has announced the decision to revert disco ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-unblock-mtn-resume-ussd-services\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banks unblock MTN, resume USSD services\" \/>\n<meta property=\"og:description\" content=\"The Managing Director and Chief Executive Officer, MTN Nigeria, Karl Toriola, has announced the decision to revert disco ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-unblock-mtn-resume-ussd-services\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-05T17:25:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/04\/img-606b422ccf60e.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"676\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-unblock-mtn-resume-ussd-services#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-unblock-mtn-resume-ussd-services\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Banks unblock MTN, resume USSD services\",\"datePublished\":\"2021-04-05T17:25:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-unblock-mtn-resume-ussd-services\"},\"wordCount\":188,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-unblock-mtn-resume-ussd-services#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/04\/img-606b422ccf60e.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"MTN\",\"Nigeria\",\"USSD services\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-unblock-mtn-resume-ussd-services#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-unblock-mtn-resume-ussd-services\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-unblock-mtn-resume-ussd-services\",\"name\":\"Banks unblock MTN, resume USSD services - 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