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:
IPOB Hails Georgia As Nnamdi Kanu Bags Prestigious Honorary Citizen Award In U.S
IPOB has expressed appreciation to officials in Georgia, United States, following the conferment of an honorary citizenship award on its...
BREAKING: Peter Obi Escapes Assassination as Thugs Shoot at Obidient Movement Members in Edo
The Obidient Movement has raised concerns after alleged armed thugs attacked Peter Obi and party leaders in Benin, Edo State,...
Why Egbetokun Resigns as IGP – Presidency Reveals Meeting Details
The Presidency has confirmed the resignation of Inspector-General of Police Kayode Egbetokun.
BREAKING: Presidency Breaks Silence on ₦2bn Ransom Payment to Boko Haram for Niger Schoolchildren Release
The Federal Government has dismissed reports alleging it paid a huge ransom and released militant commanders to secure the freedom...
BREAKING: CBN Cuts Interest Rate to 26.5% in Latest Policy Move
The Central Bank of Nigeria has reduced the Monetary Policy Rate by 50 basis points to 26.5%.
BREAKING: President Tinubu Sacks IGP Kayode Egbetokun, Names Successor
President Bola Tinubu has reportedly removed Inspector-General of Police (IGP) Kayode Egbetokun, with AIG Tunji Disu set to take over,...
[JUST IN]: US-Based Igbo Groups Hail Enugu Monarch For Confronting Tinubu, Demand Kanu’s Release (Full Details)
US-based Igbo advocacy groups have praised an Enugu monarch for openly confronting President Bola Tinubu.
Lagos Begins 5% Withholding Tax on Gaming Winnings
The Lagos State Government has commenced a 5% withholding tax deduction on gaming winnings.
Ogun Police to Arrest, Prosecute TikTok User Mirabel Over Alleged False Rape Claim
The Ogun State Police Command has concluded plans to arrest and prosecute a TikTok user, Mirabel, after she allegedly admitted...
AVID Condemns Killing of Ondo Monarch, Demands Kanu’s Release and Security Reforms
The American Veterans of Igbo Descent (AVID) has condemned the killing of Oba Kehinde Falodun in Ondo State.
You must be logged in to post a comment Login