Tag: ATM
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Nigerian banks record N1.6trn ATM transactions in three months
The National Bureau of Statistics (NBS) has revealed that transactions valued at N1.6 trillion were recorded in Q2 2018 by banks operating in Nigeria via the Automated Teller Machine (ATM). In terms of volume, a total of 217.4 million transactions were carried out at various ATM points across the country in the period under review.…
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Banking sector records N32.90trn transactions in Q2 – NBS
The National Bureau of Statistics (NBS) says a total of 509,668,433 transactions valued at N32.90 trillion was recorded in the banking sector during the second quarter. The NBS stated this in its “Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength (Q2 2018)’’ report released in Abuja. According to the report,…
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Man in court over alleged theft of ATM card, withdrawing N150, 000
The Police in Abuja on Wednesday docked one Eze Nathaniel in a Kubwa Grade 1 Area Court for allegedly stealing an ATM card and withdrawing N150, 000. The defendant, of Jaji Street, Kubwa, Abuja was docked on a one-count charge of theft. The prosecutor, John Okpa, told the court that one Uche Anyawu reported the…
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![Southern Nigeria ancient community celebrates ATM advent [Photos]](https://thenewsguru.ng/wp-content/uploads/2018/05/ImageFile-69.jpg)
Southern Nigeria ancient community celebrates ATM advent [Photos]
A Delta State community, Orerokpe, hub of ancient civilization in Southern Nigeria and headquarters of the Okpe local government area on Monday marked and celebrated the inception of automated teller machine (ATM) services. The advent of ATM in the community, championed by immediate past chairman of the local government, Godwin Ejinyere, marked a new era…
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ATMs record transactions worth N1.56bn in first quarter – NBS
The National Bureau of Statistics has revealed that transactions from Automated Teller Machines of selected banks across the country reached N1.568 billion in the first quarter of 2018. The NBS stated this in its Selected Banking Sector Data for First quarter, 2018, posted on it’s website. The bureau stated that a total of 457,226,406 transactions…
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Banks ripping us through ATMs, customers cry out
Commercial Bank customers within the Federal Capital Territory (FCT) have decried excess charges by banks through Automated Teller Machine (ATM) withdrawals. Some customers who spoke to a News Agency of Nigeria (NAN) correspondent, said they dreaded making withdrawals using other banks ATMs because of the continued charge of N65 for every transaction. According to the…
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Man allegedly steals neighbour’s ATM cards, withdraws N2m
A 30 -year – old businessman, Obinna Otigba, who allegedly stole his neighbour’s two Automatic Teller Machine (ATM) cards and withdrew N2 million from her accounts, on Thursday appeared before an Ikeja Magistrates’ Court. The accused was arraigned before Magistrate O.J. Awope on a two-count charge of stealing and illegal conversion of property for personal…
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Banks must settle customers’ complaints within 2 weeks – CBN
The Central Bank of Nigeria (CBN) has directed that banks and other financial institutions must settle customers’ complaints on issues of overcharge, unauthorised deductions and other matters within two weeks. Mr Tajudeen Ahmed, The CBN Head of Complaints Management Division, said this in an interview with the News Agency of Nigeria in Abuja. He said…
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ATMs disappoint customers in Jos metropolis, failed to dispense
Residents of Jos on Saturday decried the poor services by banks as many automated teller machines (ATM) in the metropolis failed to dispense cash to frustrated customers on long queues. Some of the stranded customers, who spoke with the News Agency of Nigeria (NAN) in Jos, expressed disappointment at the failure of many bank ATMs…
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Digital Payments: Why govts do not allow airtime deposits into bank accounts
Transactions made in cash are losing ground to digital payments, and governments around the world are considering the merits of losing paper currency for good, as Bloomberg puts it in a report detailing how close we are to a cashless society. While cash payments are losing grounds to digital transactions, one area that is yet…