By Abdullahi InuwaÂ
Nigerian banks have announced an upward review of SMS alert charges from the current rate to N6 per message, effective May 1, 2025, following adjustments tied to new telecom tariff structures.
Customers of commercial banks across Nigeria are bracing for higher SMS alert charges as financial institutions confirm a fresh hike to N6 per message. The new rate, which takes effect from Wednesday, May 1, stems from revised pricing frameworks introduced by telecom operators and approved by regulatory bodies.
Industry insiders say the move is part of cost-reflective measures designed to accommodate rising operational expenses in the telecom sector, which powers bank alert systems. Many customers, however, have voiced concern over the additional burden, citing ongoing economic challenges.
Banks have assured customers of continued transparency, urging them to consider alternate channels like email and in-app notifications to minimize SMS-related charges.
Financial analysts warn the increment, though seemingly minor, could accumulate significantly for high-volume transaction customers and may push more users toward digital banking platforms.
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