Nigerian banks reportedly generated a combined ₦209 billion from account maintenance charges in the first quarter of 2026, sparking fresh conversations about banking fees and customer costs.Related NewsFirstBank, housing ministry launch single-digit mortgage schemeQuest Merchant Bank strengthens position with stable ratingDBN disburses over N1tn to MSMEsThe revelation came as the Central Bank of Nigeria introduced reforms scrapping maintenance fees on naira debit and credit cards, with many Nigerians questioning how much they pay in charges and whether greater transparency is needed in the banking sector. The revelation came as the Central Bank of Nigeria introduced reforms scrapping maintenance fees on naira debit and credit cards, with many Nigerians questioning how much they pay in charges and whether greater transparency is needed in the banking sector.
So This Happened (EP 402) reviews: Banks earn ₦209bn from maintenance charges