ATM

April 24, (THEWILL) — The Central Bank of Nigeria, CBN, has increased the fee for issuance and replacement of Automated Terminal Machine (ATM) debit/credit cards to ₦1,500 from ₦1,000, reflecting a 50 percent increase. Additionally, the apex bank also scrapped...

January 19, (THEWILL) — Automated Teller Machine (ATM) transactions in Nigeria rose to ₦36.34 trillion in the first six months of the year, underscoring sustained reliance on cash withdrawals despite the introduction of additional ATM fees. Data from the...

October 24, (THEWILL) — The Central Bank of Nigeria (CBN) has issued fresh directives to commercial banks and financial institutions to expand their Automated Teller Machine (ATM) networks nationwide, as part of a new policy aimed at improving cash...

October 13, (THEWILL) — The Federal Competition and Consumer Protection Commission (FCCPC) has commended the Central Bank of Nigeria (CBN) for proposing a 48-hour refund policy for failed Automated Teller Machine (ATM) transactions, describing it as a major relief...

November 17, (THEWILL) - The Central Bank of Nigeria (CBN) has directed banks to prioritise cash disbursement through automated teller machines (ATMs). CBN gave the directive in a circular to banks on Friday titled ‘Mystery shopping & spot checks on...

November 28, (THEWILL) - The Economic and Financial Crimes Commission (EFCC) has cautioned Nigerians against ATM swap fraudsters, saying the Commission had been inundated with a barrage of complaints from the public concerning the incident. Spokesperson of the...

July 05, (THEWILL) – Nigeria’s deposit money banks have announced revised transaction limits that allow their customers to withdraw up to N200,000 from the Automated Teller Machines (ATM) per day. In a message to its customers through their e-mail,...