• 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

Lido Finance Expands Offerings with New Vaults and Earn Products

chest

Lido Finance has launched new Vaults and Earn products to diversify its offerings as Ethereum staking yields decrease.

user avatarEmily Carter

Visa and Bridge Expand Stablecoin-Linked Card Programs

chest

Visa and Bridge are set to expand stablecoin-linked debit cards to over 100 countries, enhancing access to crypto payments.

user avatarTomas Novak

Investors Urged to Remain Vigilant as April Fools' Pranks Sway Cryptocurrency Markets

chest

Investors are urged to stay vigilant as April Fools' Day approaches, with potential pranks in the cryptocurrency market leading to price volatility.

user avatarKaterina Papadopoulou

Beware of Deception Strategies for Navigating April Fools in Crypto

chest

As April Fools Day approaches, new participants in the crypto sector are warned about potential misleading pranks that could impact the market.

user avatarMaya Lundqvist

Investing in ETFs: A Safer Approach During Market Uncertainty

chest

In light of the current market uncertainty, Analyst Stas emphasizes the importance of investing in ETFs, such as total market and index funds, as a safer way to gain exposure.

user avatarBayarjavkhlan Ganbaatar

Regulatory Challenges Continue for World Foundation

chest

World Foundation faces ongoing regulatory issues across multiple countries, impacting its operations and reputation.

user avatarLeo van der Veen

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.