The CBN has issued directives mandating deadline for banks to refund customers for failed ATM transactions, introducing new rules for consumer protection.
CBN Policies
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The Central Bank of Nigeria (CBN) has denied introducing new N5,000 and N10,000 notes, describing the reports as false. There has been widespread reports that the CBN had …
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Business News
CBN ordered to suspend increase in ATM Transaction Charges
by iDeemlawfulby iDeemlawfulCentral Bank of Nigeria, CBN has been ordered by the House of Representatives to suspend the implementation of an increase in ATM transaction charges. According to a new …
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The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over its recent decision to increase Automated Teller Machine (ATM) …
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Breaking News
Nigerians to Pay N500 per Withdrawal as CBN releases New ATM Transactions Charges
by iDeemlawfulby iDeemlawfulThe Central Bank of Nigeria has announced that Nigerians using Off-site ATMs, which are positioned outside bank premises such as shopping malls, fuel stations, and other public spaces, …
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The Central Bank of Nigeria (CBN) has announced plan to increase transaction fees for automated teller machines (ATMs). The increment affect transactions across the country, taking effect from …
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The Central Bank of Nigeria has sanctioned nine Deposit Money Banks with fines totalling N1.35bn for failing to ensure cash availability via Automated Teller Machines during the festive …