CBN to review excessive charges by banks

Twentyfirstcenturychronicle | 22-05-2026 02:02am |

The Central Bank of Nigeria (CBN) has announced plans to review the excessive transaction alerts and customer charges imposed by banks. This decision comes in response to concerns raised by bank users regarding confusing debit notifications and unexpected deductions from their accounts. CBN Governor Olayemi Cardoso made this statement during a press briefing following the 305th meeting of the Monetary Policy Committee (MPC), emphasizing the bank's commitment to addressing these issues for the benefit of consumers.

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.