DOWNLOAD THE ABN NEWS ALL IN ONE MOBILE APP
Now Available On:
Connect with us

BUSINESS

Banks Will Soon Restore MTN Services – Minister

Published

on

Banks Will Soon Restore MTN Services - Minister

Minister of Communications and Digital Economy, Isa Pantami, has waded into the trade dispute between commercial banks and mobile network operator, MTN Nigeria.

Pantami, in a tweet late Friday, wrote, “On the fallout between @MTNNG and some banks on USSD services today, I engaged with both regulators, the Governor of @cenbank and EVC @NgComCommission.

“We have reached an advanced stage of resolving the issues, for the services to be restored to our citizens. Many thanks!”

ABN TV had reported that commercial banks early Friday disconnected MTN customers from banking channels including the Unstructured Supplementary Service Data and banking apps.

READ ALSO: Go Back And Fix Hospitals In Your Country, Nigerians In UK Tell Buhari

MTN customers had lamented being unable to recharge their MTN lines using USSD and other banking channels like the bank apps. MTN, therefore, advised their customers to recharge using physical cards.

ABN TV gathered that the development was not unconnected to the N42bn debt owed mobile operators by banks.

The telco had also reduced the banks’ commission from an average of 3.5 per cent to 2.5 per cent which predicated the actions of the banks.

The banks had written MTN to revert to the old commission, otherwise, they would block MTN airtime in all their channels.

The banks, except Zenith Bank which was connected directly to MTN, subsequently blocked MTN from their banking channels, leaving many MTN subscribers frustrated as they were unable to recharge airtime via USSD amid the Easter celebrations.

MTN holds the largest share of the mobile market in Nigeria, accounting for about half of the total mobile subscribers in the country.

SUBSCRIBE TO OUR YOUTUBE CHANNEL

De Latinos Ads


DISCLAIMER


For publication of your news content, articles, videos, or any other newsworthy materials, please send to abnonlinetv@gmail.com

For Advert and other info, you can call 07013559600 or send a WhatsApp Message to 07013559600

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending