Standard Chartered Removes Transfers, ATM withdrawals Charges   Standard Chartered Bank has said bank customers can withdraw money from any of its Automated Teller Machines without being charged N65. The bank also assured its customers at the launch of its digital bank on Monday that SMS notifications...

Depositors Petition Banks Over Fraud, Charges   About 3,051 depositors petitioned their banks and other financial institutions over various complaints such as excess/unauthorised charges, fraudulent activities, guarantees, dispense errors and funds transfers in 2018. While 1,439 complaints were lodged to the Central Bank of Nigeria in the...

As NSC Moves To Cut Charges By Shipping Companies   Eromosele Abiodun examines the move by the Nigerian Shippers Council to get shipping companies reduce their charges and the impact it will have on the economy International shipping is a complex subject that includes many variables. Proper...

Airport Taxes, Charges Cost Airlines 38% Revenue   The multiple charges and taxes levied by airports in Nigeria and other African countries have gone up some notches, and now cost the carriers as much as 38 per cent of total earnings.The Director of African Airlines Association’s...

Shipping Firms To Slash Charges For Overtime Cargo By 90%   Shipping firms and terminal operators have agreed to waive demurrage charges on overtime containers by up to 90 per cent. Our correspondent gathered that this arrangement would be more beneficial to the operators than the 25...

The Senate has slashed the N7.6 billion accrued charges to Systemspecs, commercial banks and Central Bank of Nigeria (CBN) from transfers to treasury single account (TSA) by government agencies to a meagre sum of N656.504 million. It also ordered the CBN to terminate the one...