By Jose Oby 
Fidelity Bank Plc has announced an increase in its SMS alert fees, citing the rising operational costs in Nigeria’s telecommunications sector.
This adjustment comes as telecom companies grapple with economic challenges, including currency devaluation and inflation, which have significantly impacted service delivery costs.
The telecommunications industry has faced mounting financial pressures due to factors such as the depreciation of the naira and escalating fuel prices.
These challenges have led to increased operational expenses for telecom operators, prompting them to adjust tariffs to sustain service quality .
In response to these industry-wide cost hikes, Fidelity Bank has revised its SMS alert charges to reflect the increased expenses associated with delivering these services.
The bank emphasizes that this decision aims to maintain the quality and reliability of its notification services to customers.
This development underscores the broader economic challenges affecting various sectors in Nigeria, highlighting the interconnectedness of the banking and telecommunications industries.