Gbajabiamila To Banks: Stop Hidden Charges, Exploitative Marketing       The Speaker of the House of Representatives, Femi Gbajabiamila, has expressed concern over the way Deposit Money Banks charge account holders indiscriminately, decrying that apart from known charges, there appeared to be other ‘hidden’ charges that banks...

Importers, Agents Berate NPA, NSC Over N150bn Charges   Importers and clearing agents at the seaports have raised the alarm over the plan by shipping firms to introduce and force them to pay additional charges on dry, reefer, Out of Gauge (OOG), break bulk cargoes coming...

Nigerians Shun PoS Transactions Over Charges   The volume of electronic payment transactions through Point of Sale (PoS) terminals dropped by 4.83 billion in one month. It dipped from 46.13 billion deals in December 2019 to 41.3 billion in January, according to the Nigerian Interbank Settlement...

APM Terminals Waive Overtime Cargo Charges By 50%   The Management of the APM Terminals Apapa, on Monday, announced a 50 per cent discount on 1,290 longstanding containers at the Apapa port in Lagos. The leading container terminal port operator said the move was aimed at...

Banks Commence Implementation Of Reduced Charges   Some banks have commenced the implementation of the reduced bank charges as instructed by the regulator, the Central Bank of Nigeria, with effect from January 2020. While some banks have notified their customers of the reduction in the new charges,...

NECA Urges CBN To Charge N25 For N100,000 Transactions   The Nigeria Employers’ Consultative Association has urged the Central Bank of Nigeria to include transactions between N50,000 and N100, 000 among that attract N25 charges in consideration of lower income earners in the society. The Director General,...