Nigerian Banks to start deducting USSD charges from customers airtime
New USSD Charge Model: The Nigerian Communications Commission (NCC) has mandated that starting June 3, 2025, USSD transaction charges will be deducted directly from users' mobile airtime instead of their bank accounts, with a fee of N6.98 per session.
Debt Resolution and Compliance: This directive follows a significant USSD debt issue between banks and mobile operators, prompting regulatory measures to ensure compliance and prevent service disconnections, with banks required to settle outstanding debts by specific deadlines.
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Technical Analysis for ZEN
Technical Sentiment Analysis for Horizen (ZEN) As of , Horizen (ZEN) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ZEN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ZEN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Horizen (ZEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.618 | 3.278 | 4.852 | 6.512 | 8.086 | 9.746 | 11.32 |
| Fibonacci | 3.278 | 4.514 | 5.277 | 6.512 | 7.748 | 8.511 | 9.746 |
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