CBN said. In other words, ATM transactions will incur a base fee of N100 per transaction. It is also important to note that a tiered fee structure will apply for transactions exceeding N20,000 ...

Bank customers are expressing dissatisfaction as the Central Bank of Nigeria’s (CBN) new withdrawal charges took effect on Saturday, March ...

Economist Dr. Augustine Kutu has advised the Central Bank of Nigeria (CBN) and policymakers to address the concerns of Nigerians ...

Additionally, the CBN reaffirmed that banks must not charge customers beyond the prescribed ATM fees but are allowed to charge lower amounts based on their cost structure and business model.

Visits to multiple ATM locations suggest that queues remain largely unchanged. However, conversations with users reveal growing dissatisfaction.