USSD: MTN Nigeria, banks reach temporary truce over profit sharing


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Technology Times has confirmed that MTN Nigeria has returned to the status quo of 4.5% profit sharing in the USSD feud that pitted the largest mobile network operator against some banks in the country.

MTN and banks have been meeting behind closed doors on profit-sharing plans introduced by the telco but matters took a dramatic by Friday after banks cut off the mobile operator’s customers from use of their electronic channels for airtime recharge and other virtual transactions, following what they cite as gradual profit cuts from 5.5% to 2.5%.



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