Nigeria: 'Withdrawal of ATM Will Strengthen CBN's Cashless Policy'

17 November 2012

Lagos — Diamond Bank said the decision of other commercial banks in Nigeria to remove the N100 ATM withdrawal would further strengthen the Central Bank of Nigeria (CBN)'s cashless policy initiative.

The Bankers' Committee at its meeting in Abuja on Monday had agreed that it shall henceforth discontinue the deduction of the N100 fee on inter-bank ATM withdrawals hence saving billions of naira for the Nigerian banking public monthly.

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