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:
VIDEO: Invasion of Ikeja Electric By Nigerian Air Force Exposed On CCTV Camera
Armed Air Force officers invaded Ikeja Electric offices in Lagos, assaulting employees over the disconnection of their base due to...
FULL TEXT: Rivers Assembly’s Accusation Against Fubara, Deputy
The Rivers State House of Assembly has accused Governor Siminalayi Fubara and Deputy Governor Ngozi Odu of gross misconduct.
BREAKING: Rivers Assembly Move To impeach Gov. Fubara, Deputy
The Rivers State House of Assembly has initiated impeachment proceedings against Governor Siminalayi Fubara...
Newcastle Defeat Liverpool 2-1 to Win First Major Trophy in 70 Years
Newcastle United defeated Liverpool 2-1 in the Carabao Cup final, securing their first major trophy since 1955.
Senator Natasha Akpoti Raises Alarm Over Plot to Arrest Her on Return to Nigeria
Senator Natasha Akpoti fears arrest upon returning to Nigeria after accusing Senate President Godswill Akpabio of sexual harassment at an...
FULL LIST: Food Items Nigerians Are Not Allowed To Bring To The UK
Nigerian travelers to the UK face strict food import restrictions, including bans on meat, dairy, fresh fruits, and certain seafood.
VIDEO: NYSC Threatens Corps Member for Criticizing Tinubu’s Government, Hardship in Nigeria
NYSC Lagos allegedly threatened a corps member for criticizing Tinubu’s government and lamenting economic hardship in a viral TikTok video.
2027: Northern Political Forces Plot to Unseat Tinubu, Accuse Him of ‘Use and Dump’
Powerful northern political forces are plotting to unseat President Tinubu in 2027, accusing him of sidelining key northern and Islamic...
El-Rufai Seeks Opposition Alliance, Invites Atiku, Obi, Others to Join SDP
El-Rufai has urged Atiku, Obi, Amaechi, and Aregbesola to join the SDP, citing disappointment with Tinubu’s leadership.
5 Countries Nigerians Can Travel with Easier Visa Processes (FULL LIST)
Here are full list of countries Nigerians can travel with easier visa processess.