Banks Begin Charging N6 Per SMS for Transaction Alerts
IBY Peterside Rejoice Eneky Nigerian banks have commenced implementation of a new SMS transaction alert fee of N6 per message, effective today, May 1, 2025. The new fee represents a…
CBN Gives New Guidelines On Bad Loans To Banks
The Central Bank of Nigeria (CBN) has released the operational guidelines on commencement of Global Standing Instruction (GSI) that mandates creditor banks to deduct bad loans from bank balances of…
