Following the scrapping of the N100 withdrawal charges on Automated Teller Machines by the Bankers Committee, some banks are planning to introduce monthly maintenance fee on ATM cards. Investigations by our correspondent revealed that, though only one of the banks had announced the introduction of the fee from this month, […]
Tag: ATM
Coins dispensing ATMs coming – CBN
The Central Bank of Nigeria has said it will facilitate the introduction of Automated Teller Machines that can dispense coins to encourage the citizens imbibe the culture of spending them. The Head of Shared Services, CBN, Mr. Chidi Umeano, told the News Agency of Nigeria on Monday in Lagos that […]
Banks lost N5.8bn to fraud in 2011
Deposit Money Banks in the country lost a total of N5.8bn to cases relating to fraud in 2011, a publication by the Central Bank of Nigeria has revealed. According to the document, there were 2,527 reported cases of attempted fraud or forgery, involving N29.5bn, as against 5,960 cases involving N19.7bn […]
