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CBN Threatens Sanctions on Banks Over ATM Withdrawal Limits 4 дня назад


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CBN Threatens Sanctions on Banks Over ATM Withdrawal Limits

The Central Bank of Nigeria (CBN) has warned banks that impose ATM withdrawal limits below N20,000 per transaction, stating that sanctions will follow such actions. This announcement comes alongside the CBN's decision to increase ATM transaction fees, effective March 1st, where customers will incur an N100 charge for every N20,000 withdrawn from other banks' ATMs. To discuss the implications of this policy, we are joined by Business and Public Policy Analyst Kenneth Ikenwa, who will provide insights on its potential impact on the economy and banking sector. SUBSCRIBE to our YouTube channel:    / newscentraltvafrica   for more videos Follow News Central on: Facebook:   / newscentralafrica   Twitter:   / newscentraltv   Instagram:   / newscentraltv   LinkedIn:   / feed   Threads: https://www.threads.net/@newscentraltv TikTok:   / newscentraltv   For more content, go to: https://newscentral.africa #NewsCentral #Nigeria #Politics #AfricaFirst #Africa #News #WestAfrica #ECOWAS #Government #Governance

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