ATM – City Business News

December 21, 2025 No Responses

CBN To Banks: Configure ATMs, POS Terminals For Foreign Cards Transactions

The Central Bank of Nigeria (CBN) has directed banks and non-bank acquirers to implement multi-factor authentication for foreign card transactions exceeding $200 per day.In a circular dated December 18 and signed by Rita Sike, director of the financial policy and...

February 12, 2025 No Responses

CBN Stops Free Withdrawals For Customers Using Other Banks’ ATMs

Charges will now apply anytime customers use the Automated Teller Machines (ATMs) of banks, the Central Bank of Nigeria (CBN) has declared. This was contained in a circular dated February 10, 2025, and addressed to all banks and financial instituti...

January 15, 2025 No Responses

CBN Sanctions Zenith Bank, Fidelity, Others For ATM Cash Scarcity

The Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season. The affected banks include Zenith Bank, Fidelity Bank Plc, First Bank Pl...

December 24, 2024 No Responses

Yuletide: Ecobank Assures Customers Of 24h Digital Banking Access, Warns Against Fraud

As Nigerians prepare for the year-end festivities, Ecobank Nigeria has guaranteed its customers uninterrupted access to banking services through its digital platforms throughout the holiday season. The Bank also cautioned customers to remain vigilant against f...

March 26, 2023 No Responses

Naira Crisis: Queues Gradually Disappear As Bank ATMs Dispense Cash

Long queues at commercial banks in Lagos have suddenly disappeared following the injection of more banknotes by the Central Bank of Nigeria (CBN) into commercial banks, the News Agency of Nigeria (NAN) reports. The apex bank had on Thursday confirmed...

January 20, 2023 No Responses

CBN To Sanction Banks Dispensing Old Notes Through ATMs

The Central Bank of Nigeria (CBN), on Thursday threatened to sanction banks in Cross River dispensing old naira notes through their Automated Teller Machines, (ATMs). The warning came from Ms Glory Iniunam, Branch Controller of CBN in Cross River, during...

September 23, 2021 No Responses

Reps Task NCC, CBN On ATM, Web fraud

The House of Representatives has challenged the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) to ensure all monies lost as a result of Card/ ATM and web-based fraud are refunded to the affected victims. The...

December 23, 2020 No Responses

CBN Probes Dearth Of Money In ATMs

The Central Bank of Nigeria (CBN) is to investigate the scarcity of funds witnessed by customers in most Automated Teller Machines (ATMs) in Lagos State. The CBN‘s Acting Director, Corporate Communications, Mr Osita Nwanisobi told the News Agency of Ni...

October 28, 2020 No Responses

Banks’ Customers In Benin Lament Poor Services, Long Queues At ATMs

Bank customers in Benin, Edo State, on Tuesday lamented the poor services being rendered by the financial institutions in the state. Some of the customers, who shared their experiences with the News Agency of Nigeria (NAN) in Benin, expressed regret...

April 29, 2019 No Responses

CBN To Withdraw Dirty, Mutilated Notes

The Central Bank of Nigeria (CBN) has unveiled fresh plans to withdraw from circulation dirty and mutilated notes. According to the apex Bank, a large proportion of the N7.9 trillion pieces of naira notes in circulation are dirty, mutilated, unfit...

August 21, 2018 No Responses

ATM Records N1.603B Transactions In Q2

Nigeria recorded not less than 217,417,961 volume of Automated Teller Machine (ATM) transactions valued at N1.603 billion in Second Quarter, the National Bureau of Statistics (NBS) has said. According to the report, NBS a total of 509,668,433 transactions va...