ADVERTISEMENT
NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.
Graphical depiction of a commercial bank
Commercial banks in Nigeria have increased the transaction alert fee from N4 to N6 effective from Thursday, May 1, 2025.
This is contained in a message sent by banks to their customers early Wednesday morning.
The banks said the increase was due to a recent increase in telecom rates as communicated by the telecommunication service providers.
Daily Trust reports that the federal government had gave the telecommunications service providers a nod to increase their tariffs across the board.
“Dear Valued Customer. Please be informed that effective Thursday, May 1 2025, the SMS transaction alert fee will increase from ?4 to ?6 per message. This adjustment is due to a recent increase in telecom rates as communicated by the telecommunication service providers,” one of the banks said in an email message to its customers.
According to the banks, SMS alerts to international phone numbers are subject to higher charges. (Daily Trust)
