₦airaland Forum

As some bank customers continue to express displeasure over the decision to introduce N65 on remote-on-us automated teller machines (ATMs) transactions in the country, bank executives have stressed the need for more understanding on the policy. Remote-on-us are transactions done by a cardholder on another bank’s ATM. The policy takes effect from September 1, 2014.

Speaking in an interview with THISDAY yesterday, the Deputy Managing Director, Diamond Bank Plc, Mr. Uzoma Dozie said the fee would encourage people to conduct banking transactions through other channels, such as mobile money and point of sale terminals (PoS). According to Dozie, the decision was taken because it was discovered that as a result of the removal of the charges on withdrawals from other banks’ ATMs in 2012, a lot of pressure was being put on the ATMs mostly by customers withdrawing very little amount of money.

“The justification for the policy is to drive people to use other channels such as mobile money, Internet banking and PoS. If you transact a business through PoS, the cost is even lower and customers are even rewarded for using PoS. “So, it is going to reduce the incentive to use ATM and encourage other channels,” Dozie added. Also, Sterling Bank’s Executive Director, Finance and Strategy, Mr. Abubakar Suleiman argued that contrary to the misinformation widely peddled, the use of your bank’s ATM is totally free of charge.

He maintained that the restatement of cost recovery for the use of other banks’ ATM is intended to limit the cost incurred by banks and does not constitute profit. Banks are still left with the burden of three free withdrawals a month, which translates to N195 monthly charge, he explained. The Sterling Bank Executive noted that while the cost is less than the income on medium and high value accounts, it was sufficient to render most low value accounts unprofitable. This, he noted would force banks to discontinue marketing such accounts.

“The previous policy on limitless withdrawals might have benefited those who were already financially included in the short term but would have harmed mostly poor people with banks scaling back investments for mass market and refocusing on the middle class,” he added. In addition, he pointed out that the current burden on Nigerian banks as a result of the AMCON levy as well as the increased cash reserves requirement gives less little room for pushing additional cost to banks.

According to him, the huge cost on banks was becoming a source of concern for investors and could have negative impact on capital flows. The Chief Executive of Ecobank Nigeria, Mr. Jubril Aku argued that the move was part of measures to make banking business sustainable in the country. He reiterated that the fee was introduced as a result of the rising cost of maintaining ATMs.

“If your bank has made its own ATMs free for you anytime you want to use it, then you should make use of it. The banks must be encouraged to continue to invest in ATM,” Aku said. The Central Bank of Nigeria (CBN) had said that the policy would ensure that customers get better services from banks. The banking sector regulator also insisted that the fee would engender healthy competition among banks. The Director, Banking and Payment System Department, CBN, Mr. Dipo Fatokun had also said the policy would not affect the central bank’s financial inclusion strategy.

http://www.cebih.org/news/

The implementation of a N65 charge on remote-on-us ATM withdrawals recently announced by the Central Bank of Nigeria (CBN) will commence today. Remote-on-us are transactions done by a card holder on another bank’s ATM. Although some bank customers have expressed displeasure over the policy, the central bank had explained that it would, engender competition among banks. According to the central bank, the new charge shall apply as from the fourth remote-on-us withdrawal (in a month) by a cardholder, thereby making the first three transactions free for the cardholder.

Prior to the amendments in December 2012, the charge used to be N100 on any remote-on-us withdrawal. But the N100 was removed then so that people would be encouraged to use ATMs, it had explained. The CBN also stated that the policy would ensure that customers get better services from banks. According to the central bank, transaction volumes at other banks’ ATMs increased astronomically due to the free cash withdrawal at ATMs. “The wear and tear as well as the frequency of servicing the ATMs has increased significantly. Indeed, some customers were beginning to abuse the use of ATMs through countless withdrawals.

“This development has led to increase in cash transactions, which negates the bank’s cashless policy,” the CBN argued. Furthermore, the banking sector regulator argued that maintaining ATMs is expensive as it requires economic incentive for owners to deploy and maintain the facility. To the Deputy Managing Director, Diamond Bank Plc, Mr. Uzoma Dozie, the fee introduced would encourage people to conduct banking transactions through other channels, such as mobile money and point of sale terminals (PoS).

According to Dozie, the decision was taken because it was discovered that as a result of the removal of the charges on withdrawals from other banks’ ATMs in 2012, a lot of pressure was being put on the ATMs mostly by customers withdrawing very little amount of money.
“The justification for the policy is to drive people to use other channels such as mobile money, internet banking and PoS,” he added.

On his part, the Managing Director, Financial Derivatives Company Limited, Mr. Bismark Rewane, said the ATM charge was appropriate.

http://www.cebih.org/n65-charge-on-third-party-atm-withdrawals-takes-effect-today/

lilprinze: nice 1 but is the Scholarship from Atiku or FG?? if the scholarship is sponsored by Atiku I would say he is just doing it so that people would see him or think he is a good man or to have more votes in 2015 presidential election if that's what he's plans are he is dreaming because this won't make him defeat GEJ in 2015 presidential elections.
GEJ till 2019.

odeh ni e

To the married men and women on Nl and to those in a serious relationship, which do you prefer after a quarrel or a fight? Gift or Make up Sex

Ahuitzotl: [color=#1980BC] No matter how a monkey is groomed and given a tuxedo suit...A monkey is still a monkey.If you like build a dozen malls, Ibadam will always be seen as below......A kingslum of brown roofs. [/color]

nuisance ni bobo yi sha. so you think k my town will remain like dis forever? just wait and see.

WebHostingPal: Hello buddy, first adverts are meant to be made and second, customer's satisfaction is paramount.

You need to understand that there are very few good web hosting companies in Nigeria. Not name dropping or dissing any one, a lot of Nigeria web hosts don't have the necessary technical capability to deal with issues first hand so when problems beyond their control arise they completely ignore their customers requests for resolution and as a result badly letting the customers down, driving local customers to foreign hosts. Mind you, "Foreign Hosts Don't Pay Taxes Here in Nigeria"

Talking of foreign hosts, not blowing own trumpet, I feel it's necessary to let you know that I have worked for two popular web hosting companies abroad and I'm a qualified system administrator, so I'm not jumping on the bandwagon here.

Foreign web hosts don't trust Africans when it comes to web hosting and other things, I know this for sure, have you ever wondered why so many websites in Nigeria got shut down ? or why fellow naijas have to verify accounts when you host abroad, I can give you tons of stories on that one.

So my campaign is to let anyone that cares about web hosting in Nigeria know that they can now host in Nigeria with the International standard they've been craving for.

We pay tax and we are contributing to the Nigeria economy, knowing what very few of us know, why would I suggest a fellow citizen to go host abroad when they can get what they need here, or do you think we are less professional because we are Nigerians ?

Trash. Trash. Trash.

Microsoft Cortana predicted earlier that Germany will win over Argentina while Apple Siri tipped Argentina. Congratulations to Microsoft Cortena. or this singular act, am getting a windows phone very soon.

Congrats Germany

Morning engineers. I bought an Htc one sv recently. After inserting sim, it shows networks for few min and the network will disappear for days come back for few min again and disappears. Is it possible to repair the network?

won ti get man yi sha

BlackBerry abandons plan to sell company. CEO Thorsten Heins stepping down. I guess success of bbm on android and iOS gave them hope of better future

Igurus in d building. I have an iPhone 4 CDMA. Jail broken and am using Visafone on it. Current os is 6.1.3. Can I upgrade to os 7.

For sale.
Nissan exterra 2001
Price : 750k
Location : Ikotun lagos.
Call : 07036114481
Email : remmyz007 at gmail dot com

solidbroda: Can u imagine etisalat 200mb is sold for 2k. Hat nonsense! Sumtin you can use up within the next hour.

big lie. its 1k nd not 2k. nd besides, its even 260 Mb. not 200mb

graphicsplus is coming to help you

just saw on AIT now that mike ozekhome was kidnapped this afternoon.. nawa for this country ooo

Their are several ways to make money aside from ad banner. currently Linda makes money from ad banner and also through reviews. lets take a look at NL frontpage, any topic that gets to the frontpage is bound to get more audience. the front page can be divided into 2. first 5 can be static ( which means the first 5 post will be the first post even if new threads are promoted to the frontpage) then the remaining will be changing. which means, NL can now begin to do review for companies that are running promo or companies that want to show case their products.

@ Seun why i Used linda as an example is because i have done ads on her blog before and i believe NL has more traffic than she does. up till today, she runs her blog by herself. even if you want to automate your ads, NL should at least fashion out other ways of making money. i know some guys here on Nl that makes their daily income from Nl. If NL shuts down today, their business will be greatly affected. these set of people am sure will make payment for premium service. all am just trying to say is 8 years is enough for NL to start making cool cash...

I and a couple of friends where discussing about the growth of internet company in Africa yesterday and Nairaland came to my mind that if after 8 years, nairaland is not in the league of internet company raking in millions of Naira weekly... then something is wrong somewhere. its either Seun lack business sense or Nairaland is not a money spinner. but seriously if Seun lack the skills to monitize NL, why cant he just look for someone or even hire a business development manager to turn Nl to a big internet company. right now, Lindaikeji charges close to 600k on her blog for top ad banners and minimum of 40k for writeup ads.... i think Seun should wake up from his slumber. someone please advice him before its too late.

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I have always blame ASUU wen Dey go on strike, but on a second thought, if FG can bail out the banking sector with billion of Nair's, bail out the manufacturing sector, nollywood and some other sectors with billion of Naira. what stops them from bailing out the education sector. abi all this sector FG is bailing out no b naija student whey get proper education go Dey work there ni? I think our present crops of politicians aren't being sincere. they Dnt want us to be well educated cause Dey know once our generation is well educated, we will break from their shackles of corruption and darkness.

https://www.nairaland.com/1379603/nairaland-launching-new-offices-ota

Nairaland new office in ota

xtr0v3rt: Why are u guys fighting urself to post this huh? Btw seun i see no big screen u opted in for o!

this post was the first about this topic. the other one came after this. may b seun need to give us options to delete a post.

Nice one. I think Seun Osewa is Africa's Internet hero. big up bro

GraphicsPlus: Good move. Do we have something like iHub in Nigeria? If no, then I think this type of tech centre is a must for Nigeria. Hacker School is a place every developer must try to visit before he retires. I plan to be there one day. Very soon.

yes. we have cchub in yaba lagos

HTC amaze. interested?

This morning more than 30 trucks filled with 5-cent
coins arrived at Apple’s headquarters in California.
Initially, the security company that protects the facility
said the trucks were in the wrong place, but minutes
later, Tim Cook (Apple CEO) received a call
from Samsung CEO explaining that they will pay $1
billion dollars for the fine recently ruled against the
South Korean company in this way.
The funny part is that the signed document does not
specify a single payment method, so Samsung is
entitled to send the creators of the iPhone their billion
dollars in the way they deem best.
This dirty but genius geek troll play is a new headache
to Apple executives as they will need to put in long
hours counting all that money, to check if it is all there
and to try to deposit it crossing fingers to hope a bank
will accept all the coins.
Lee Kun-hee, Chairman of Samsung Electronics, told the
media that his company is not going to be intimidated
by a group of “geeks with style” and that if they want to
play dirty, they also know how to do it.
You can use your coins to buy refreshments at the little
machine for life or melt the coins to make computers,
that’s not my problem, I already paid them and fulfilled
the law.
A total of 20 billion coins, delivery hope to finish this
week.
Let’s see how Apple will respond to this

http://news-hound.net/samsung-pays-apple-1-billion-sending-30-trucks-full-of-5-cent-coins/

Does anyone have an idea of a cms that can handle an online training website like www.udemy.com. i learnt they used viddler but i dont want to use viddler. any idea?

...

@ graphicplus. pls do u know of any open source that can be used for online video training like Linda.com. basically wat I need is sometin that I will be able to upload video tutorials, only Ppl that register as student will have access to it, video wont be downloadable and social share will be present. hoping to hear from you soon.

regards

GraphicsPlus: Again, you saved a picture: china.png

Why? That picture is 206KB. But i resaved it with jpg and got it at 14.9KB.

Look, these are fundamentals. Any picture that doesnt demand transparency, dont save it with .png Use .jpg

PNG is heavier than JPG. Try to avoid it unless the image demands transparent background. Even after saving your transparent background image and it's more than 50KB, go to http://www.tinypng.org and optimize it more. You will later get it at about 30KB, yet you will not lose the quality.

Again, I can see you are still doing what every newbie did. Using html to force an image to take a particular size. That's doing injustice to html. When a user opens the website, the http will have to download the whole image from the folder and then uses html to force the image to resize it to the size you have specified.

Your england image is 410KB in weight and it's size is 1920px/1200px, yet you forced it to enter a small square td in your table. This is unacceptable.

Look, photoshop must be opened anytime you want to design any website. You dont just open google image and search for 'England' and then you choose one and dump it inside your website folder image. No. Every image must pass through photoshop. If you want your image to be 400px/400px, then open a new photoshop canvas with exactly that size. Then bring in your image and scale it to be exactly 400px/400px. Then save. Never use 'Save' or 'Save As' and then you choose jpg. No. Use 'Save for Web and Devices.' This option will optimize the image for the web. If you are saving with jpg, choose 60% resolution. Dont go higher than 60% unless at 60% the weight is still very small, like 8KB, then you can bring the percentage to 70% or 80%. Dont take it up to 100% and dont go below 60%. Below 60% will reduce the quality of the image.

If at 60%, you image is still very heavy, then save it and go to: http://www.jpegmini.com and optimize it further. This software will optimize it and bring down the weight, but the quality will remain intact.

Let's keep on keeping on. Thank you.

for the first time, I commend. ur post. if u enlighten Ppl with posts like dis and not the oda way round Ppl will respect u . cheers