Nigeria: Banks Stop N100 Inter-Bank ATM Charges

14 November 2012

Managing Directors of banks operating in the country, with the Central Bank of Nigeria (CBN) under the aegis of the Bankers' Committee have unanimously decided to stop all charges on Automated Teller Machines (ATMs) transactions.

This means that the N100 currently charged by banks when customers use their ATM cards on machines other than those of their banks would no longer the charged going forward.

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