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The House of Representatives has called for the immediate suspension of the Central Bank of Nigeria’s (CBN) new policy increasing ATM transaction charges and scrapping free ATM withdrawals for ...

The House of Representatives has called on the Central Bank of Nigeria to suspend the implementation of the increment in Automated Teller Machine transaction ... an increase in ATM withdrawal ...

In the suit number FHC/L/CS/344/2025 filed last Friday at the Federal High Court, Lagos, SERAP is asking the court to determine whether the decision by the CBN to increase ATM transaction fees is ...

To that end, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) announced a new rule ...

SERAP is asking the court for “a declaration that the decision by the CBN to increase ATM transaction fees is arbitrary, unfair, unreasonable and contrary to the provisions of sections 1(c) and ...

Under the revised fee structure, customers are now required to pay N100 for every N20,000 withdrawal from on-site ATMs of other banks and a staggering N600 for off-site ATM transactions.

The House of Representatives has urged the Central Bank of Nigeria (CBN) to suspend its directive increasing ATM withdrawal charges. This resolution resulted from a motion on urgent national ...

While ATM transactions don't often qualify since they typically have a much lower withdrawal limit, they are technically also subject to the CTR threshold—meaning a $200 cash withdrawal in one ...

NCR Atleos Corporation, a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced the release of a groundbreaking paper that explores how ...

The last time ATM transaction charges were reviewed was in 2019 when the CBN reduced the withdrawal fees from N65 to N35. While the latest increase means Nigerians will pay more for ATM ...