• 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

Oil Prices Surge Amid Geopolitical Tensions from Iran Conflict

chest

Oil prices have surged due to supply concerns from the Iran conflict, with predictions indicating further increases.

user avatarLi Weicheng

Urea Supply Chains Disrupted by Strait of Hormuz Closure Amid Iran Conflict

chest

The ongoing conflict in Iran has led to the effective closure of the Strait of Hormuz, significantly disrupting the supply chains for nitrogen-based fertilizers, particularly urea.

user avatarAisha Farooq

Lawmakers Express Alarm Over Corruption Risks in Prediction Markets

chest

Lawmakers express concerns about corruption risks in prediction markets linked to government actions.

user avatarDiego Alvarez

BNB Chain Emerges as a Leader in Real-World Asset Tokenization

chest

BNB Chain has rapidly grown as a prominent platform for real-world asset (RWA) tokenization, achieving significant milestones in asset value and user engagement.

user avatarMohamed Farouk

Boris Johnson Warns of Risks in Bitcoin Investments

chest

Boris Johnson warns about the risks of investing in Bitcoin, highlighting potential losses and the need for caution among investors.

user avatarTenzin Dorje

Boris Johnson Raises Concerns Over Bitcoin's Legitimacy

chest

Former UK Prime Minister Boris Johnson raises concerns about Bitcoin's legitimacy, citing significant investor losses and risks associated with the cryptocurrency.

user avatarBayarjavkhlan Ganbaatar

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.