Tag: ATM charges
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CBN introduces new ATM transaction fees
The Central Bank of Nigeria (CBN) has introduced new transaction fees for Automated Teller Machines (ATMs), set to take effect on March 1, 2025. In a circular dated February 10, 2025, the apex bank directed all banks and financial institutions to implement new ATM withdrawal charges from March 1, 2025.
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COVID-19 Lockdown: PDP demands immediate suspension of ATM, electricity charges
The Peoples Democratic Party (PDP) has called for the suspension of charges for use of ATM cards and low amount mobile fund transfers during the COVID-19 lockdown. According to a statement by the party’s National Publicity Secretary, Mr Kola Ologbondiyan, on Sunday in Abuja, the suspension of such charges should be part of the panacea…
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Senate asks CBN to suspend ‘excessive’ ATM charges, N10,000 maximum withdrawal
The Senate on Wednesday asked its committees on Banking, Insurance & other Financial Institutions and Finance to invite the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele over the apex’s bank approval of ‘illicit and excessive’ and the N10,000 maximum withdrawal at ATM centres. The committees are also to investigate the propriety of ATM…