business
Union Bank, FCMB Shift USSD Charges to Airtime Instead of Bank Accounts

Union Bank, FCMB to Deduct USSD Charges from Airtime Starting July
Beginning July 1 and 2, Union Bank and First City Monument Bank (FCMB) will implement a new billing system for USSD banking services. Customers will now be charged directly from their airtime balance rather than from their bank accounts. This change follows the Nigerian Communications Commission (NCC)’s directive mandating mobile network operators to handle USSD billing under an end-user billing model.
In an email to customers, Union Bank stated that the new approach is designed to ensure compliance with NCC’s updated policy, which shifts the responsibility of charging users to telecom providers. FCMB also notified its customers via SMS, confirming the airtime deduction system will take effect from Wednesday, July 2.
With this update, both banks have joined other financial institutions in adopting the NCC’s model, where telecom operators charge a standard ₦6.98 per 20-second session directly from users’ airtime. This effectively removes banks from the fee collection process.
The transition comes after prolonged disagreements between banks and telecom operators regarding unpaid USSD service fees. By the end of 2024, telcos had reportedly provided over ₦200 billion worth of USSD services, with claims that much of the payment was unremitted by banks.
Union Bank assured customers that each USSD session will now begin with a consent prompt, allowing users to approve the charge before their airtime is deducted. The bank clarified that charges will only apply when services are available and successfully processed. Customers who prefer to avoid airtime deductions can opt for mobile apps or internet banking.
Similarly, FCMB emphasized that the ₦6.98 charge will now be deducted from airtime and that users must provide consent before any fee is applied.
This revised billing method aims to improve transparency and ensure telecom providers receive direct payment for USSD services. Customers are encouraged to maintain sufficient airtime balances to continue using USSD channels effectively.
business
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business
We are Hiring: Social Media Growth Ambassadors (2 Positions)

Remote | Part-Time or Flexible Hours
Are you active on social media and passionate about business, jobs, and opportunities?
Do you know how to attract attention, spark engagement, and drive traffic online?
Then this opportunity is for you!
Role Overview:
We are looking for 2 dynamic individuals to serve as Social Media Growth Ambassadors for GlobabizEmpire.com — a trusted online platform for global jobs, business insights, and income opportunities.
Key Responsibilities:
-
Promote GlobabizEmpire.com consistently on Facebook, Instagram, WhatsApp, TikTok, or X
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Share daily job updates, business news, and smart money tips from the website
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Drive website traffic using content, trends, reels, and referral links
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Respond to DMs/comments and convert viewers into website visitors
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Provide weekly reports on reach, impressions, and traffic performance
What You’ll Need:
-
A strong presence on social media (min. 2,500 followers on at least one platform)
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Great communication skills and social media creativity
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Consistency and accountability
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Passion for helping people grow their careers or income
What You’ll Get:
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Monthly stipend + performance-based bonus
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Opportunity to grow your personal brand with us
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Free digital training + content materials
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Certificate of Digital Advocacy (upon successful campaign)
How to Apply:
Send us a message with:
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Your full name
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Link to your active social media profiles
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Short message on why you are the perfect fit
-
Screenshot of your past engaging post (if available)
Email: [email protected]
WhatsApp: +234 8153507382
Deadline: August 22, 2025
business
NEXIM Bank and SMEDAN Partner to Strengthen SME Export Capacity Nationwide

NEXIM Bank and SMEDAN Sign Landmark MoU to Boost SME Export Growth in Nigeria
In a bold move to strengthen Nigeria’s small business ecosystem, the Nigerian Export-Import Bank (NEXIM) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have signed a groundbreaking Memorandum of Understanding (MoU) aimed at accelerating the growth and global competitiveness of Small and Medium Enterprises (SMEs) across the country.
A Strategic Partnership for Economic Transformation
This MoU formalizes a strategic alliance between NEXIM and SMEDAN, focusing on:
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Export financing and access to global markets
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Tailored financial products for SMEs
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Capacity-building and training programs
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Promotion of Made-in-Nigeria products internationally
The collaboration is expected to streamline trade facilitation and offer Nigerian SMEs the tools and support needed to thrive in international value chains.
Empowering SMEs for Global Competitiveness
Speaking at the signing ceremony, Abba Bello, Managing Director/CEO of NEXIM Bank, emphasized the significance of this partnership in preparing Nigerian SMEs to compete globally, particularly under the African Continental Free Trade Agreement (AfCFTA).
“This collaboration with SMEDAN is a critical step in our mission to empower Nigerian SMEs. By combining our financial instruments with SMEDAN’s development expertise, we are creating a robust support framework that enables small businesses to scale and succeed in export markets,” Bello said.
Removing Barriers and Unlocking Opportunities
On his part, Charles Odii, Director-General of SMEDAN, noted that the agreement will help eliminate major hurdles that have long hindered SMEs from tapping into international markets.
“Our goal is to ensure Nigerian SMEs have not just the skills but also the financial backing to grow. This MoU with NEXIM Bank paves the way for real participation in global trade,” Odii remarked.
He also outlined key focus areas of the collaboration:
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Providing export-oriented financing solutions
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Offering expert training and advisory services
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Simplifying export processes for MSMEs
🇳🇬 Aligning with Nigeria’s Economic Diversification Agenda
This partnership supports the federal government’s broader vision of economic diversification and inclusive growth, particularly through public-private partnerships that empower micro, small, and medium-sized enterprises (MSMEs).
About the Agencies
NEXIM Bank, established under Act 38 of 1991, is Nigeria’s official Export Credit Agency, providing financing, risk management, and advisory services to support the development of non-oil exports.
SMEDAN, created by the SMIDA Act of 2003, is the federal government’s leading institution tasked with fostering the growth, sustainability, and global competitiveness of MSMEs across Nigeria.
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