The House of Representatives has demanded the immediate suspension of increase in ATM transaction charges and stoppage of free ATM withdrawals for ...

Members of the House of Representatives have called on the Central Bank of Nigeria (CBN) to suspend increase in Automated ...

A FinTech Executive and Techpreneur, Tope Dare, has warned that the Central Bank of Nigeria’s revised ATM withdrawal fees, set to take effect on March 1, 2025, will hurt low-income Nigerians ...

Banks are loading their ATMs with cash as they commenced charging N100 for transactions on March 1. The Central Bank released the revised ATM transaction fees in a circular dated February 10, 2025.

The lawmakers noted that additional ATM withdrawal charges would further limit the financial inclusion of Nigerians by discouraging low-income earners from accessing banking services. The House of ...

“The imposition of additional ATM withdrawal charges will further limit ... thereby contradicting the CBN’s financial inclusion agenda. “The fact that the banking sector has continued ...

The new ATM charges come at a time when Nigerians are already burdened by skyrocketing inflation, stagnant wages, and a cost-of-living crisis. For many, ...

This follows the apex bank’s announcement on 11 February 2025 that, from 1 March 2025, N100 and N450 fees would apply to ATM withdrawals. The CBN explained that the charges would apply to bank ...

This follows the Central Bank of Nigeria's (CBN) revised policy, effective from 1 March 2025. For instance, the Guaranty Trust Bank said under the new structure, withdrawals at GTBank ATMs would ...

The House of Representatives has urged the Central Bank of Nigeria (CBN) to suspend its directive increasing ATM withdrawal charges. This resolution resulted from a motion on urgent national ...