Thursday, October 23, 2025
  • About
  • Advertise
  • Careers
  • Contact
Newsroom Nigeria
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life
No Result
View All Result
Newsroom Nigeria
ADVERTISEMENT
Home BANKING

No More Account Maintenance Fees, Says Sterling Bank to Nigerians on Independence Day

Newsroom Nigeria by Newsroom Nigeria
October 1, 2025
in BANKING, News
Reading Time: 2 mins read
No More Account Maintenance Fees, Says Sterling Bank to Nigerians on Independence Day

Sterling Bank Head Office

0
SHARES
Share on FacebookShare on Twitter
Sterling Bank Head Office

Sterling Bank has once again redefined the boundaries of customerfirst banking in Nigeria by scrapping Account Maintenance Fees (AMF) across all personal accounts.

Just months after abolishing transfer fees on local online transactions in April 2025, the bank has dismantled yet another long-standing industry practice, cementing its role as the nation’s leading force for transparent, fair, and customer-focused banking.

Related posts

FG CLARIFIES STREAMLINED ADMISSION REQUIREMENTS SAYS ENGLISH AND MATHEMATICS REMAIN COMPULSORY TO REGISTER AND SIT FOR BY ALL O’LEVEL STUDENTS

FG CLARIFIES STREAMLINED ADMISSION REQUIREMENTS SAYS ENGLISH AND MATHEMATICS REMAIN COMPULSORY TO REGISTER AND SIT FOR BY ALL O’LEVEL STUDENTS

October 19, 2025
Olukoyede Tasks Media, CSOs on Greater Commitment to Anti-Graft War

Olukoyede Tasks Media, CSOs on Greater Commitment to Anti-Graft War

October 17, 2025

This decision cuts at the heart of a revenue model that has long cost Nigerian
customers dearly. In 2024 alone, tier-1 banks raked in over ₦650 billion from account
maintenance and e-banking charges.

Sterling’s move rewrites Nigeria’s banking
rulebook while amplifying its bold stance: customers deserve freedom from too many
deductions and the right to keep more of their hard-earned money.

Abubakar Suleiman, Managing Director of Sterling Bank, explained the principle
driving this bold action: “Every fee we remove is one less barrier between our
customers and true financial freedom. This was the rationale behind eliminating
transfer fees in April, and it is the same principle we uphold as we eliminate account
maintenance fees.”

Obinna Ukachukwu, Growth Executive for Consumer and Business Banking at Sterling
Bank, reinforced this position: “This initiative is about building lasting relationships that
fuel sustainable growth.

We put transparency and customer value first, and in doing so, we are building a foundation that serves both our customers and Sterling’s future.”

As Nigeria marks another Independence Day, Sterling Bank presents this decision as
a declaration of financial independence for millions of Nigerians.

By freeing customers from deductions that silently erode their balances, Sterling is empowering them to keep and grow their wealth while redefining true financial freedom.

With two unprecedented moves in quick succession, the removal of transfer fees in
April and now the elimination of account maintenance charges, Sterling Bank continues to challenge the status quo and champion a new era of fairness in
Nigerian banking.

About Sterling Bank
Sterling Bank is a forward-thinking financial institution committed to transforming lives
through innovative solutions, exceptional service, unwavering integrity and a
steadfast focus on its HEART strategy. As pioneers in digital banking and financial
inclusion, Sterling continues to lead by example, proving that purpose-driven
leadership can unlock transformative outcomes for individuals, businesses, and
society at large.

ShareTweetSendShareShare
Previous Post

Obi Wrong on Trade Fair Complex, By Gbenga Omotoso, Lagos Commisioner

Next Post

“Nigeria is on Course to Greatness” – Obasa Celebrates Nigeria @65

Related Posts

FG CLARIFIES STREAMLINED ADMISSION REQUIREMENTS SAYS ENGLISH AND MATHEMATICS REMAIN COMPULSORY TO REGISTER AND SIT FOR BY ALL O’LEVEL STUDENTS
Education/Human Capital

FG CLARIFIES STREAMLINED ADMISSION REQUIREMENTS SAYS ENGLISH AND MATHEMATICS REMAIN COMPULSORY TO REGISTER AND SIT FOR BY ALL O’LEVEL STUDENTS

October 19, 2025
Olukoyede Tasks Media, CSOs on Greater Commitment to Anti-Graft War
Corruption Crusade

Olukoyede Tasks Media, CSOs on Greater Commitment to Anti-Graft War

October 17, 2025
FG, GenCos Finalise Implementation Framework for ₦4 Trillion Presidential Power Sector Debt Reduction Plan
Business and Economy

FG, GenCos Finalise Implementation Framework for ₦4 Trillion Presidential Power Sector Debt Reduction Plan

October 14, 2025
Lagos Speaker Celebrates Seyi Tinubu at 40
News

Lagos Speaker Celebrates Seyi Tinubu at 40

October 13, 2025
COSEG UK, Ireland and Europe Congratulate Seyi Tinubu As He Celebrates 40
News

COSEG UK, Ireland and Europe Congratulate Seyi Tinubu As He Celebrates 40

October 13, 2025
ZENITH BANK’S GROSS EARNINGS HIT N2.5 TRILLION IN H1 2025, REWARDS SHAREHOLDERS WITH N1.25 INTERIM DIVIDEND
BANKING

ZENITH BANK REWARDS SHAREHOLDERS WITH N1.25 KOBO INTERIM DIVIDEND, SETS STAGE FOR RECORD FULL-YEAR RETURNS

October 13, 2025
Next Post
“Nigeria is on Course to Greatness” – Obasa Celebrates Nigeria @65

“Nigeria is on Course to Greatness” - Obasa Celebrates Nigeria @65

RECOMMENDED NEWS

Lakurawa: Who Will Save the North from the North?

11 months ago

Groups Call on Government to Facilitate Internet Access for All Citizens

2 years ago

HAKEEM LAWAL, KWARA SDP GUBER CANDIDATE CONGRATULATES EMIR OF ILORIN ON 27th CORONATION ANNIVERSARY

3 years ago

Union Bank and CIG Motors Announce Partnership

3 years ago

FOLLOW US

ADVERTISEMENT
ADVERTISEMENT

POPULAR NEWS

  • DISREGARD FAKE NEWS: NO COUP IN NIGERIA, WE ARE LOYAL TO THE CONSTITUTION AND THE PRESIDENT – ARMY

    DISREGARD FAKE NEWS: NO COUP IN NIGERIA, WE ARE LOYAL TO THE CONSTITUTION AND THE PRESIDENT – ARMY

    0 shares
    Share 0 Tweet 0
  • O’odua Group Warns Igbo Union on LASG, Gives Counter Ultimatum

    0 shares
    Share 0 Tweet 0
  • Viewpoint: Billyamniu Suraj’s Baseless Attack on the Ministry of Solid Minerals Development By Kehinde Bamigbetan

    0 shares
    Share 0 Tweet 0
  • 21 KIDNAPPED VICTIMS REGAIN FREEDOM, AS NIGERIAN ARMY TROOPS OF 2 DIVISION/SECTOR 3  SUSTAIN ONSLAUGHT AGAINST CRIMINAL ELEMENTS

    0 shares
    Share 0 Tweet 0
  • KWARA GROUP LAUDS GOVERNOR OVER SECURITY, PAYMENT OF COMPENSATION TO VICTIMS

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
Newsroom Nigeria

The NEWSROOM NIGERIA is an independent, liberal on – line news platform committed to the right of the individual to pursue his economic happiness, without undue interference of the state. It shall promote the rights of the individual; right to freedom of worship and conscience, and to hold opinions and impact same without hindrance, subject to such laws are as consistent with the constitution and necessary for the protection of the rights of others.

  • About
  • Advertise
  • Careers
  • Contact

© 2025 Newsroom Nigeria - Designed by Semasir Connect.

No Result
View All Result
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life

© 2025 Newsroom Nigeria - Designed by Semasir Connect.