GTBank Increases SMS Alert Fee To ₦6

  Guaranty Trust Bank has announced an increase in the fee charged for SMS transaction alerts, with the new rate set to take effect from Thursday, May 1, 2025. The fee was increased from N4 to N6. In a notice sent to our correspondent on Wednesday, the bank wrote, “Dear valued customer, please be informed that effective Thursday, May 1, 2025, the SMS transaction alert fee will increase from ₦4 to ₦6 per message.” The bank explained that the price adjustment was necessary due to a hike in telecom service charges. “This adjustment is due to a recent increase in telecom rates as communicated by the telecommunication service providers”, the bank explained. GTBank also emphasised the importance of SMS alerts in helping customers monitor their accounts and detect suspicious activity promptly. “Kindly note that transaction alerts are important and help you keep track and stay in control of activities on your account,” it said. However, the bank has also offered customers the option to opt out of SMS alerts if they prefer alternative notification methods. “If you prefer not to receive transaction alerts via SMS, you can update your preferences by completing the transaction alert form on our website and sending it to gtbankmailsupport@gtbank.com”, the message added. For those seeking additional information or support, the bank urged customers to reach out through its dedicated customer service helplines.

FG Officially Increases NYSC Monthly Allowance Above N33,000

  Federal Government has officially increased the monthly allowance for National Youth Service Corps (NYSC) members from N33,000 to N77,000, effective July 2024. This change is in line with the National Minimum Wage (Amendment) Act 2024, and it’s a significant boost to the corps members’ welfare package. This development follows the enactment of the National Minimum Wage (Amendment) Act 2024, aimed at enhancing the welfare of corps members. The approval was communicated through a letter from the National Salaries, Incomes, and Wages Commission, dated September 25, 2024, and signed by Chairman Ekpo Nta. According to Caroline Embu, Acting Director of Information and Public Relations, NYSC, the Director-General, Brigadier General YD Ahmed, had advocated for a robust welfare package for corps members during a visit to the Commission. In a statement released on Wednesday night, Embu confirmed the approval, stating that the NYSC Boss is thankful to the Federal Government for the timely gesture. She stated that the enhanced allowance aims to boost the morale of NYSC members and motivate them to contribute more effectively to national development. Embu said, “The Federal Government has approved the increase of Corps Members’ monthly allowance to Seventy-Seven Thousand Naira (N77,000) with effect from July 2024. This is in line with the enactment of the National Minimum Wage (Amendment) Act 2024. “Before this, the Director General, NYSC Brigadier General YD Ahmed, had paid an advocacy visit to the Chairman in which he solicited a robust welfare package for Corps Members. “The NYSC Boss is thankful to the Federal Government for the timely gesture and is optimistic that it will not only bring much-needed succor to the Corps Members but also boost their morale and motivate them to do even more, in their service to the nation. “Before this increase, the monthly allowance for Corps Members was Thirty-Three Thousand Naira (N33,000).