Some of Nigeria’s largest commercial banks earned a combined N922.5 billion ($589 million) from net fees and commission charges in 2024, marking a 60 percent jump from the prior year despite rising public frustration over surging transaction costs and service failures. The earnings, compiled from full-year financial statements of nine deposit money banks, rose from N576.1 billion in 2023, underscoring the sector’s growing reliance on non-interest income amid a volatile macroeconomic environment. Read also:  Some of Nigeria’s largest commercial banks earned a combined N922.5 billion ($589 million) from net fees and commission charges in 2024, marking a 60 percent jump from the prior year despite rising public frustration over surging transaction costs and service failures. The earnings, compiled from full-year financial statements of nine deposit money banks, rose from N576.1 billion in 2023, underscoring the sector’s growing reliance on non-interest income amid a volatile macroeconomic environment. Read also: