CBN increases ATM transaction fees | Banks to begin implementation March 1
[NigerianEye - Nigeria] - 11/02/2025
The Central Bank of Nigeria (CBN) has announced a review on the transaction fees for automated teller machines (ATMs) In a circular signed by John Onojah, acting director of financial policy and regulation department, the CBN said the revised charges will take effect from March 1. The regulator said the move would address rising operational costs and enhance efficiency in the banking sector. The last time ATM transactions charges were reviewed was in 2019, when the CBN reduced the withdrawal fees from N65 to N35. While the latest increase means Nigerians will pay more for more ATM (…)
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