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3 New Articles
  • 3 hours ago Nigeria, others move to address cross-border payment challenges
  • 3 hours ago Umahi expresses concern over Carter Bridge, FG considers revamp
  • 4 hours ago Nigeria ‘dead’ before Tinubu took office, says Wike
Home Tag Archives: ATM fee

Tag Archives: ATM fee

Features

Is CBN pushing customers back into the banking halls? 

By Elvis Eromosele
2 March 2025
in :  Features
0
25

Public institutions in Nigeria have a knack for policy inconsistency. They can aggressively pursue a course of action one moment and, the very next, introduce measures that directly contradict their stated objectives. The Central Bank of Nigeria (CBN) is currently at the centre of one such paradox. Everyone alive in the last couple of years witnessed the CBN champion financial …

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Banking & Finance

CBN sticks with N100 ATM fee for withdrawals below N20,000

By Breezynews
13 February 2025
in :  Banking & Finance
0
21

The Central Bank of Nigeria has announced that Nigerians withdrawing less than N20,000 from another bank’s Automated Teller Machine will still be charged a fee of N100 per transaction. This is according to a FAQ document published by the apex bank on its website on Thursday, which provides further information on a new CBN’s directive. The directive is part of …

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