CBN Extends Effective Date of The Regulatory Framework For The Use of USSD to Oct 1, 2018

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Friday, June 01, 2018/ 06:30PM / CBN 

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.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

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