CBN Orders Removal Of N100 ATM Fee

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The Central Bank of Nigeria has ordered banks to remove the N100 ATM charge when users of other banks use their ATMs in order to encourage the use of ATMs.

The decision was taken at the end of a meeting in Abuja between the CBN and the Bankers Committee. Managing directors of some banks also attended the meeting. The Group Managing Director, First Bank Plc, Mr. Bisi Onasanya, told newsmen that the charge as well as others associated with the use of ATMs would be scrapped soon.



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