Tinubu’s Inflation: Ecobank increases SMS alert charge
Ecobank has increased its cost of SMS alerts to N6 from N5, effective May 1, 2025.
The hike was announced in an email sent to its customers on Wednesday, citing a “revised tariff” for the change.
“We understand that this change may cause some inconvenience and want to assure you that the decision was made after careful consideration.
“We remained committed to delivering the best possible service and sincerely appreciate your understanding and continued support,” the email stated.
The increase came after recent tariff hikes by telecom operators that jerked up prices for data and voice calls, citing rising operation costs in the country.
Although financial institutions rely on SMS to notify customers of account transactions, many offer email alerts as a free alternative.
According to the National Bureau of Statistics, Nigeria’s headline inflation rate rose to 24.23 per cent in March 2025.
Meanwhile, finance minister Wale Edun has said the federal government plans to reduce the inflation rate to single digit and create more jobs.
Mr Edun stated this during a press conference at the International Monetary Fund and World Bank Spring Meetings on Saturday in Washington D.C.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Economy
Shippers urge NESRA to ratify agreement on ocean resources
NSC executive secretary Pius Akutah said this in a statement on Wednesday.
World
China recommends multilateralism to solve world’s problems
He said the countries should make a choice in the face of the U.S. waving the tariff stick around the world.
Anti-Corruption
Alleged Naira Abuse: EFCC releases E-Money on bail
“No tension, everywhere good. I see all your love and support. God bless you all,” said E-Money.
States
Court sentenced Nigerian man to eight months in prison for stealing wrappers
The magistrate warned the convict to desist from committing crimes and ordered the return of the stolen wrappers to the owner.
Economy
Lokpobiri hails NNPCL, Caverton, Stenabulk joint venture as strategic
He attributed the JV to President Bola Tinubu’s leadership and foresight in industry reforms.
Economy
Trade ministry partners stock exchange to achieve $6 billion investment target
The Federal Ministry of Industry, Trade and Investment has partnered with the Nigerian Exchange Group to achieve its ambitious $6 billion investment target.
