The federal government has assured that the trade dispute between commercial banks and mobile network operator, MTN Nigeria will soon be resolved.
The assurance given by the Minister of Communication and Digital Economy, Isa Pantami came hours after commercial banks had early Friday disconnected MTN customers from banking channels using the Unstructured Supplementary Service Data (USSD) and banking apps.
The development arose after MTN recently reduced the discount offered to banks on airtime sales from four per cent to 2.5 per cent, which did not go down well with banks considering the cost of managing the infrastructure and other operational costs they incurred.
Wading into the matter, the Minister of Communications and Digital Economy, Isa Pantami, took to his verified Twitter handle to assure that: “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 advance stage of resolving the issues, for the services to be restored to our citizens. Many thanks!”