CBN To Implement New ATM Transaction Fees From March 1 - Business

CBN To Implement New ATM Transaction Fees From March 1 - Business - Nairaland

Nairaland Forum › Nairaland General › Business › CBN To Implement New ATM Transaction Fees From March 1 (31524 Views)

CBN To Implement New ATM Transaction Fees From March 1 by olatade(op): 1:30pm On Feb 11, 2025

The Central Bank of Nigeria (CBN) has announced a review on the transaction fees for automated teller machines (ATMs)

In a circular signed by John Onojah, acting director of financial policy and regulation department, the CBN said the revised charges will take effect from March 1.

The regulator said the move would address rising operational costs and enhance efficiency in the banking sector.

On-site ATMs: A charge of N100 per N20,000 withdrawal.

Off-site ATMs: A charge of A100 plus a surcharge of not more than N500 per N20,000 withdrawal.

On-Us (customer withdrawing at the ATM of the customer's financial institution) in Nigeria: No charge

https://www.thecable.ng/just-in-cbn-to-implement-new-atm-transaction-fees-from-march-1/

7 Likes 2 Shares

Re: CBN To Implement New ATM Transaction Fees From March 1 by gare(f): 1:34pm On Feb 11, 2025*

olatade:
The Central Bank of Nigeria (CBN) has announced a review on the transaction fees for automated teller machines (ATMs)

In a circular signed by John Onojah, acting director of financial policy and regulation department, the CBN said the revised charges will take effect from March 1.

The regulator said the move would address rising operational costs and enhance efficiency in the banking sector.

More to follow…

https://www.thecable.ng/just-in-cbn-to-implement-new-atm-transaction-fees-from-march-1/

Are the ATMs working? get them working first before you can start, talking about revised charges

61 Likes 2 Shares

Re: CBN To Implement New ATM Transaction Fees From March 1 by DatNiggaDaz: 1:35pm On Feb 11, 2025

Cardi B on the beat. The womanizer that awards consultancy contracts to sidechicks & the sidechicks of his goon squad grin

Shey una don finally understand the meaning of "the most educated" & "the most sophisticated"

What a bunch of criminal thugs

grin

172 Likes 13 Shares

Re: CBN To Implement New ATM Transaction Fees From March 1 by plumcomm: 1:36pm On Feb 11, 2025

Toh...I'm not sure Tinubu is aware of all these.

8 Likes 6 Shares

Re: CBN To Implement New ATM Transaction Fees From March 1 by Righthussle: 1:37pm On Feb 11, 2025*

Yet FG never implement the new minimum wage. Yet dem say another hell dey after this one.

Before you mention me to type rubbish. Ask INEC, NIMC.. etc workers how far minimum wage. Na slap dem go give you.

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Re: CBN To Implement New ATM Transaction Fees From March 1 by TooMuchStuff: 1:42pm On Feb 11, 2025

.....and TINUBULATION Cotinues....

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Re: CBN To Implement New ATM Transaction Fees From March 1 by KevMitnick: 1:43pm On Feb 11, 2025

This is just the beginning. These guys will suck every Nigerian, via any means available.

92 Likes 2 Shares

Re: CBN To Implement New ATM Transaction Fees From March 1 by HeatSeeker(m): 1:43pm On Feb 11, 2025

gare:
Are the ATMs working ?

They need to charge you more so that they can get them working grin

25 Likes 2 Shares

Re: CBN To Implement New ATM Transaction Fees From March 1 by iwaeda: 1:47pm On Feb 11, 2025*

We told you, he is only a tax collector. Make life difficult for people and make them poorer. Two obvious logos people, didnt discern BROOM and CHAIN. In the third realm, has deepest meaning. grin

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Re: CBN To Implement New ATM Transaction Fees From March 1 by Oceanfl0w: 1:56pm On Feb 11, 2025

He's building Nigeria, exactly the same way he built Lagos

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Re: CBN To Implement New ATM Transaction Fees From March 1 by SalamRushdie: 1:58pm On Feb 11, 2025

This means POS charges will go up because it's POS guys that will still withdraw alll the money at ATMs...APC has been nothing but a curse on this country

146 Likes 8 Shares

Re: CBN To Implement New ATM Transaction Fees From March 1 by MASTAkiLLAh(m): 2:03pm On Feb 11, 2025

You cannot tax a country into prosperity. Ask yourself, why are industries and SME's folding up and the effect on the economy ? Ask yourself about the current state of Nigeria's export sector and how easy(?) it is to conduct business there compared to other West African countries, ask yourself about the import sector and how morbidly high tarrifs are crippling businesses that rely on imported parts and materials including much of the food you eat though you föolishly forgot that you can never produce or build everything you want, you just have to import many things just like the industrial giants eg China, USA, Germany, Japan, Singapore etc but some crackers in customs believe their primary duty is to increase REVENUE awon oloriburuku. Nigerians, use your head now that it's operational or else. Everything I highlighted here will start showing results within three to six months, some people just deliberately want you to suffer cool

60 Likes 4 Shares

Re: CBN To Implement New ATM Transaction Fees From March 1 by buttlover(m): 2:03pm On Feb 11, 2025

Ndia ga egbu mmadu o boy!

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Re: CBN To Implement New ATM Transaction Fees From March 1 by Xammie001(m): 2:04pm On Feb 11, 2025

you dey nigeria so

Righthussle:
Yet FG never implement the new minimum wage.

2 Likes

Re: CBN To Implement New ATM Transaction Fees From March 1 by Dougad: 2:04pm On Feb 11, 2025

This useless braindead "ingenious" Deloitte accountant bastard cannot think of any other innovative revenue generating method beyond taxation.

52 Likes 6 Shares

Re: CBN To Implement New ATM Transaction Fees From March 1 by obaidan: 2:04pm On Feb 11, 2025

As this government dey move, Be like Nigerians living in Nigeria go still pay staying alive levy
CBN dun dey use style run POS on top Nigerians head

48 Likes 2 Shares

Re: CBN To Implement New ATM Transaction Fees From March 1 by datola: 2:05pm On Feb 11, 2025

ATM that's almost going extinction

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Re: CBN To Implement New ATM Transaction Fees From March 1 by Kaka77(m): 2:05pm On Feb 11, 2025

That means Tinubu has taken over the POS business on a large scale.

57 Likes 5 Shares

Re: CBN To Implement New ATM Transaction Fees From March 1 by Chicagograduate(m): 2:05pm On Feb 11, 2025

Why all these charges?Tinubu why you wan choke us?

24 Likes 2 Shares

Re: CBN To Implement New ATM Transaction Fees From March 1 by Bobloco: 2:05pm On Feb 11, 2025

Since the coming of the drug lord, Nigerians have never had any cause to smile. There has been no good news

39 Likes 4 Shares

Re: CBN To Implement New ATM Transaction Fees From March 1 by Leviticuscreed: 2:05pm On Feb 11, 2025

plumcomm:
Toh...I'm not sure Tinubu is aware of all these.

He's not even aware that he has a village outside lagos

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Re: CBN To Implement New ATM Transaction Fees From March 1 by Blitzking: 2:06pm On Feb 11, 2025

Operation squeeze the masses..nothing you wan tell me...

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Re: CBN To Implement New ATM Transaction Fees From March 1 by Yamleg: 2:06pm On Feb 11, 2025

No wahala, we gather dey the palaver

We have stopped depositing money in the bank already.

11 Likes 2 Shares

Re: CBN To Implement New ATM Transaction Fees From March 1 by bewisemasses: 2:06pm On Feb 11, 2025

Re: CBN To Implement New ATM Transaction Fees From March 1 by EyeCumInPeace: 2:06pm On Feb 11, 2025*

Thïefnubu cometh not, but for To Steal, and To Kill, and To Destroy...

10 Likes 2 Shares

Re: CBN To Implement New ATM Transaction Fees From March 1 by SouthSouth1914: 2:07pm On Feb 11, 2025

Brainless fools in government!

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Re: CBN To Implement New ATM Transaction Fees From March 1 by sevo(m): 2:07pm On Feb 11, 2025

Another one....at this point, everybody is doing competition to see who will tax Nigerians the most...maybe tinubu dey give them target at every NEC meeting to know who will choke Nigerians more...

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Re: CBN To Implement New ATM Transaction Fees From March 1 by PlanetZero: 2:07pm On Feb 11, 2025*

Honestly let's put party aside.

Why would a person with conscience and raised well defend a government like that of Ahmed Tinubu?

Honestly how huh

Oma ga bayii oooo

These men are demons. Anyway yahoo is keeping the guys busy and the ladies don't turn runs girls courtesy of this evil government of this country

25 Likes 5 Shares

Re: CBN To Implement New ATM Transaction Fees From March 1 by Leviticuscreed: 2:08pm On Feb 11, 2025

Zaccheaus no collect tax reach this tif in powa... Yoruba finest smh undecided

22 Likes

Re: CBN To Implement New ATM Transaction Fees From March 1 by Jughead29: 2:08pm On Feb 11, 2025*

You see what keeping quiet has caused us??

Expect more in coming days

They see Nigerians as fools who will always endure anything. Then the president will come and decieve his gullible supporters that there will be light after the tunnel 😂

Whereas every tunnel in Nigeria is darkness

25 Likes 4 Shares

Re: CBN To Implement New ATM Transaction Fees From March 1 by Righthussle: 2:08pm On Feb 11, 2025

Xammie001:
you dey nigeria so

No, I dey payan. Ask INEC, NIMC.. etc workers how far minimum wage. Na slap dem go give you.

6 Likes

Re: CBN To Implement New ATM Transaction Fees From March 1 by Namaster: 2:09pm On Feb 11, 2025

INCREASE in electricity charges
INCREASE in data charges.
INCREASE in ATM charges.
INCREASE in inflation.

ALL these things do NOT pain me.

What PAINS me is that there are SUPPOSEDLY sentient adults mobilising and gearing up to VOTE for APC in 2027.

MADNESS!

40 Likes 4 Shares

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