OP 05 April, 2021 - 04:03 AM
MTN Nigeria has reverted commercial banks’ commission to 4.5% after Nigerian banking and communication regulators intervened in its dispute with Nigerian Banks. This move by MTN corroborates the statement made on Friday, by the Nigerian government that talks to resolve the dispute have “reached an advanced stage.”
A statement signed by MTN Chief Executive Officer, Karl Toriola, and addressed to the Chairman of Body of Banks’ CEOs, Herbert Wigwe on Saturday said:
“In an attempt to resolve the current USSD recharge impasse, given the intervention from our regulators, we hereby agree that the banks revert to the status quo of 4.5% commission.”
“However, the banks and MTN Communications Nigeria Plc shall sit to agree on various options that will result in the reduction in the costs on 6th of April 2021.”
Read more:
https://techcabal.com/2021/04/04/mtn-nig...ech-banks/
A statement signed by MTN Chief Executive Officer, Karl Toriola, and addressed to the Chairman of Body of Banks’ CEOs, Herbert Wigwe on Saturday said:
“In an attempt to resolve the current USSD recharge impasse, given the intervention from our regulators, we hereby agree that the banks revert to the status quo of 4.5% commission.”
“However, the banks and MTN Communications Nigeria Plc shall sit to agree on various options that will result in the reduction in the costs on 6th of April 2021.”
Read more:
https://techcabal.com/2021/04/04/mtn-nig...ech-banks/