CBN Defends New ATM Charges, Assures Improved Cash Availability

CBN Governor, Yemi Cardoso

The Central Bank of Nigeria (CBN) has defended its new policy imposing charges on cash withdrawals from Automated Teller Machines (ATMs) of banks other than the customers’ own, stating that the measure benefits both banks and customers. Henzodaily reports that CBN’s Acting Director, Financial Policy and Regulation Department, John Onojah, speaking on Channels Television’s Sunrise … Read more

CBN introduces new ATM transaction fees

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. This means customers will … Read more