The House of Representatives has asked the Central Bank of Nigeria (CBN) to immediately suspend the increase of Automated Teller Machine (ATM) transaction charges and stoppage of free ATM withdrawals for customers from other banks in the country. This followed the adoption of a motion on matters of urgent national importance moved by the member […]
The House of Representatives urged the Central Bank of Nigeria (CBN) to suspend the planned increase in ATM transaction charges and the elimination of free interbank ATM withdrawals. The House is concerned that the new charges will burden Nigerians already facing economic hardship and discourage financial inclusion. The House has called for engagement with the CBN's relevant committees before implementing the policy.
