Nigeria, Dec. 24 -- Deposit Money Banks and Mobile Network Operators have received a definitive mandate from the Nigerian Communications Commission and the Central Bank of Nigeria to settle the long-running N250 billion Unstructured Supplementary Service Data debt dispute.

Both the CBN and the NCC are federal government regulatory entities.

Oladimeji Taiwo, the acting director of payments system management at the CBN, and Chizua Whyte, the head of legal and regulatory services at the NCC, signed the directive, which was contained in a joint circular dated December 20, 2024.

Our correspondent was the only one to get the document, which included new operational instructions for USSD services as well as a structured payment plan for debt ...