A 35-year-old man, Zahara Yusuf, was on Thursday arraigned before an Ojo Magistrates’ Court in Lagos, for allegedly stealing Automated Teller Machine (ATM) card and N216,000 cash. The defendant was charged with stealing, which he pleaded not guilty to. The…
By Seun Ibiyemi The House of Representatives on Tuesday directed the Central Bank of Nigeria (CBN) to immediately suspend the implementation of increased ATM transaction charges and the removal of free ATM withdrawals for customers using other banks’ ATMs, as…
Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to “direct Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN) to suspend the implementation of the increase in Automated Teller Machine (ATM) transaction fees, pending the…
By Seun Ibiyemi The Socio-Economic Rights and Accountability Project, SERAP, has filed a lawsuit against the Central Bank of Nigeria, CBN, over what it termed the “failure to reverse the patently unlawful, unfair, unreasonable and unjust increase in Automated Teller…
The Socio-Economic Rights and Accountability Project, SERAP, has filed a lawsuit against the Central Bank of Nigeria, CBN, over what it termed the ”failure to reverse the patently unlawful, unfair, unreasonable and unjust increase in Automated Teller Machine (ATM) transaction…
The Central Bank of Nigeria (CBN) has said over the weekend that the new policy on cash withdrawal from Automated Teller Machines (ATMs) would benefit banks and their customers. The CBN said on Tuesday customers withdrawing cash from other banks…
The Socio-Economic Rights and Accountability Project (SERAP) has issued a 48-hour ultimatum to the Central Bank of Nigeria (CBN), demanding the reversal of the recent increase in Automated Teller Machine (ATM) transaction fees. The advocacy group insists that the new…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) has threatened to penalise banks that compel customers to withdraw amounts lower than N20,000 per transaction from Automated Teller Machines (ATMs). The apex bank gave the warning in a “Question and…
By Jabiru Hassan, Kano. Independent Hajj Reporters (IHR), a registered Civil Society Organization (CSO) advocating for better Hajj policies, has called on the Central Bank of Nigeria (CBN) to exclude Hajj 2025 intending pilgrims from the newly introduced policy that…
Nigerians made transactions worth N85.91 trillion through point-of-sale terminals in the first half of 2024, a figure that is over seven times the N12.21 trillion recorded for ATM transactions within the same period. This data, sourced from the Central Bank…
