• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

CBN implements new ATM withdrawal rules

user avatar

by Giorgi Kostiuk

a year ago

The Central Bank of Nigeria (CBN) introduces new regulations for commercial banks concerning ATM withdrawals and warns of potential sanctions.

CBN Warnings and Sanctions

CBN threatens to sanction commercial banks that force customers to withdraw less than N20,000 per transaction despite having higher funds. Affected customers are encouraged to file complaints.

New ATM Withdrawal Fees

CBN has revised ATM withdrawal fees due to rising operational costs. New rules include the elimination of three free withdrawals per month. Withdrawals from own-bank ATMs incur no fees, while withdrawals from other banks’ ATMs incur a fee of N100 per N20,000.

New Whistleblowing Website

CBN has also introduced a whistleblowing website for safely reporting professional and ethical misconducts.

The changes introduced by CBN aim to improve the transparency and efficiency of ATM operations and enhance trust in Nigeria's banking system.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

XRP Price Predictions Linked to CLARITY Act Resolution

chest

Market analyst Sam Daodu outlines three potential scenarios for XRP's price movement in April, contingent on the US CLARITY Act.

user avatarJesper Sørensen

Analysts Raise Price Targets for SanDisk Following Nasdaq100 Announcement

chest

Following SanDisk's announcement of joining the Nasdaq100, analysts have raised their price targets, with Jefferies setting a target of 1,000 and Citi's Asiya Merchant raising hers to 980, reflecting strong market confidence.

user avatarFilippo Romano

SanDisk's Market Position Strengthened by AI Demand and Supply Constraints

chest

SanDisk Corp is the only pure-play NAND company with a 13% global market share, benefiting from AI-driven demand and supply constraints faced by competitors.

user avatarRajesh Kumar

SanDisk to Join Nasdaq100, Replacing Atlassian

chest

SanDisk Corp will join the Nasdaq100, replacing Atlassian Corporation, effective April 20, 2023, leading to a surge in stock price.

user avatarLucas Weissmann

SEC Clarifies Regulations for Crypto Trading Interfaces

chest

The SEC has issued new guidance clarifying how certain crypto trading tools can operate without broker-dealer registration.

user avatarEmily Carter

Ethereum Shines as Best-Performing Asset Amid Global Tensions

chest

Ethereum has proven to be the best-performing asset since the onset of the US-Iran conflict, boasting a remarkable 174% gain.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.