CBN’s proposed N1,500 ATM card issuance fee sparks backlash from Nigerians, financial experts.
Economists, financial analysts, and bank customers have expressed mixed reactions to a proposed increase in the cost of obtaining Automated Teller Machine (ATM) cards in Nigeria, which would rise from ₦1,000 to ₦1,500 under a new draft regulatory framework being considered by the Central Bank of Nigeria (CBN). The proposal is part of a broader review of banking charges affecting financial institutions, which also includes changes such as adjustments to card-related fees and the removal of certain maintenance charges on […]