The CBN governor has defended the recent hike in ATM transaction fees, explaining that it is in the interest of the customers ...

The Central Bank of Nigeria has provided a statistical breakdown of the country's money supply, highlighting how government ...

The Central Bank of Nigeria, CBN, has said that its decision to increase charges on cash withdrawals from ATM of other banks was needed to incentivise banks to ensure improved access to cash at the ...

The Central Bank of Nigeria has said the N100 fee subsists for banks' customers withdrawing less than N20,000 cash from other ...

The Central Bank of Nigeria (CBN) has justified its decision to increase charges on cash withdrawals from ATMs of other ...

The Central Bank of Nigeria, CBN, has threatened to sanction banks that limit Automated Teller Machines (ATM) withdrawal to ...

The CBN clarifies its new N100 fee on ATM withdrawals at other banks, emphasizing that it applies per N20,000 withdrawn to prevent customers from circumventing the charge.

Bank customers in Nigeria have criticized the recent upward review of Automated Teller Machine (ATM) withdrawal charges by the Central ...

This means customers will now pay for every withdrawal made from another bank’s ATM. The review affects the charges prescribed in Section 10.7 of the CBN Guide to Charges by Banks, Other ...

ATM transactions charges were last reviewed was in 2019, when the CBN reduced withdrawal fees from N65 to N35. According to this new policy, customers withdrawing from their bank ATMs (on-us ...

The Central Bank of Nigeria (CBN) has threatened to penalise banks that compel customers to withdraw amounts lower than ...

According to the CBN, ATM charges for withdrawals made from other banks’ ATMs—whether on-site or off-site—are structured on the premise that customers should be able to withdraw up to N20 ...