The lawmakers noted that additional ATM withdrawal charges would further limit the financial inclusion of Nigerians by discouraging low-income earners from accessing banking services.

Recall that the CBN’s new policy, which took effect on March 1, 2025, imposes a fee of N100 per N20,000 withdrawals for customers using other banks’ ATMs within bank premises, and an additional surcharge of N500 for transactions outside bank premises.

The House of Representatives has demanded the immediate suspension of increase in ATM transaction charges and stoppage of free ATM withdrawals for

The House of Representatives has directed the Central Bank of Nigeria (CBN) to immediately halt the implementation of its newly introduced ATM transaction charges and the removal of free withdrawals for customers using other banks’ ATMs. Naija News reports that this decision was reached on Tuesday after lawmakers adopted a motion of urgent public importance […]

Members of the House of Representatives have called on the Central Bank of Nigeria (CBN) to suspend increase in Automated Teller Machine (ATM) transaction charges.