Business
BREAKING: Reps Order CBN To Suspend New ATM Charges, Free Withdrawals Ban
The House of Representatives has directed the CBN to suspend increased ATM charges and the removal of free interbank withdrawals.
The House of Representatives has directed the CBN to suspend increased ATM charges and the removal of free interbank withdrawals.
Lawmakers argue the policy adds financial strain on Nigerians and requires further review.
The House of Representatives has passed a resolution directing the Central Bank of Nigeria (CBN) to suspend the recent increase in Automated Teller Machine (ATM) transaction charges and the removal of free withdrawals for customers using other banks’ ATMs.
VerseNews reports that the resolution followed a motion by lawmaker Marcus Onobun on Tuesday, highlighting concerns over the CBN’s February 10, 2025, circular, which instructed banks to end the three free monthly withdrawals for customers using other banks’ ATMs.
DON’T MISS: Court Slams N1m Bail on Nigerian Lady for Giving Fake Testimony in Church
The directive, set to take effect on March 1, 2025, was criticized for placing an extra financial burden on Nigerians.
The House urged the CBN to halt implementation until further discussions with relevant banking and finance committees are held.
Join our WhatsApp group Here:
Tinubu’s Govt Approves N10bn to Power Aso Rock With Solar, Nigerians Left in Darkness
The Tinubu-led government has approved ₦10bn to power Aso Rock with solar, cutting it off from the national grid.
Pope Francis Is Dead, Cause Of Death Emerges
Pope Francis died on Monday, April 21, 2025, at the age of 88 due to...
$847M Scam? Nigerians Lose ₦1.3 Trillion as CBEX Promised 100% ROI
CBEX has crashed after moving over $847M (₦1.3T) into a private ETH wallet, leaving users’ balances at 0.00.
My Husband Makes Love From Midnight Till Dawn’ — Kaduna Woman Seeks divorce
A 37-year-old woman, Linda Stephen, has asked a Kaduna Customary Court to dissolve her six-year marriage,
Peller Faces Possible Ban as Nigerians Mass-Report His 9.6M TikTok Account
Popular TikToker Peller faces mass reports on his 9.6M-followers TikTok account after criticizing Nigerians for ranting about the government online.
BREAKING: NYSC Begins Payment of N77,000 Monthly Allowance To Corps Members
The Federal Government has begun paying the N77,000 monthly NYSC allowance after a six-month delay, with some corps members confirming...
How Apostle Femi Lazarus Is Selling Gift of Spirit God Gave Him for Free – Timi Dakolo
Timi Dakolo criticized Apostle Femi Lazarus for condemning gospel artistes who charge for ministrations while running a paid ministry school.
Presidency Warns Peter Obi Over ‘Collapsed Democracy’ Comment
Presidency dismissed Peter Obi’s claim that Nigeria’s democracy has collapsed, calling it exaggerated and baseless.
Trump announces 25% tariff on countries buying Venezuelan oil
Trump announced a 25% tariff on countries purchasing Venezuelan oil, citing Venezuela's alleged hostility and criminal infiltration.
Anambra, Enugu Police Join Forces to Crush Border Crimes
The Anambra and Enugu State Police Commands have joined forces to combat cross-border crimes by sharing intelligence and resources.