CBN Notifies On Extension of The Regulatory Framework For The Use of USSD

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Please refer to our circular referenced BPS/DIR/GEN/CIR/OS/OOZ dated April 17, 2018, directing Deposit Money Banks (DMBs), Mobile Money Operators (MMOs), Payment Solutions Service Providers (PSSPs) and other Service Providers on the implementation of the Regulatory Framework for the use of Unstructured Supplementary Service Data (USSD) in the Nigerian Financial System, from June 1, 2018.

The Central Bank of Nigeria (CBN) has observed that in order to fully realize the objective of the Framework, the Bank has considered and approved the extension of the implementation date of the circular to be effective from October 1, 2018.

Please be guided accordingly

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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