Category : Search result: Access Bank charges


Ex-Lagos Education Director Jailed for N48.9m Fraud

A Lagos court sentences former education director Olawale Feleti to prison for stealing N48.9m from Access Bank by exploiting a pandemic-era system glitch. Read the full details of the EFCC case and judgment.

Banks Alert Customers on New N50 Stamp Duty Rule

GTBank, Access, Zenith, UBA, and others inform customers that the N50 stamp duty on transfers over N10,000 is now paid by the sender, effective January 1, 2026. Learn the new rules and exemptions.

Woman Calls Out Vendors Over Illegal VAT Charges

A Nigerian woman raises alarm over vendors illegally charging 'VAT' on everyday purchases. She shares shocking examples and calls for government intervention. Read her full story.

Former Lagos Director Jailed for ₦48.9m Fraud

A Lagos court sentences ex-education director Olawale Feleti to 29 months for stealing ₦48.9m from Access Bank. He exploited a COVID-era system glitch. Full details on the EFCC case and court ruling.

CBN Issues New Cash Directive to Banks for 2026

The Central Bank of Nigeria has directed commercial banks to guarantee steady cash flow in ATMs and branches nationwide. This follows a successful festive season with minimal scarcity.

Man Avoids New 2026 Bank Charge by Sending N9,999

A Nigerian man's viral post shows how he avoided the new N50 electronic transfer levy by sending N9,999. His action has ignited a fierce online debate about the 2026 tax laws. Read more.

Banks Begin 10% Tax on Dollar Deposits

Nigerian banks implement a 10% withholding tax on foreign currency deposit interest from Jan 1, 2026. Learn how this new tax law affects your dollar account and who is exempt.

New ₦50 Stamp Duty Shifts to Senders from January 2026

OPay, PalmPay, Moniepoint, and major banks notify Nigerians of a key tax change. From January 1, 2026, senders will pay a ₦50 stamp duty on transfers of ₦10,000 and above. Learn the details and exemptions.

Man Cries Out as N100k Bank Transfer Becomes N63k

A Nigerian man raises alarm after transferring N100,000 to his Zenith Bank account, only to find a balance of N63,000. The incident sparks online reactions and tax deduction theories. Read full details.

Nigerian Stock Market Gains N541bn in Santa Rally

The Nigerian equities market closed the last Monday of 2025 on a bullish note, with investors gaining N541.73 billion. The All-Share Index rose 0.55% as the Santa Claus rally extended post-Christmas.

Nigeria's Forex Market Expands with Better Access & Liquidity

Nigeria's forex market is rapidly evolving with deeper liquidity, smoother mobile access, and easier funding. Learn what this means for traders in Lagos, Abuja, and Port Harcourt and how to navigate the new conditions for success.

No Bank Shutdowns from CBN Recapitalisation - ACAMB

The Association of Corporate Communication & Marketing Professionals in Banks dismisses viral claims of 12 banks shutting down. ACAMB assures the public the recapitalisation is proceeding smoothly to strengthen the financial system.

World Bank Approves $500m for Nigerian MSMEs

The World Bank has greenlit a $500 million package to boost credit access for Nigeria's MSMEs. The FINCLUDE project targets women-led and agribusiness firms to drive growth and jobs. Read more.

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