Why new ATM fee was introduced in Nigeria

584 views · Published 13 September 2014 · 1:15 · Indexed 27 October 2026

Channel: TV360 Nigeria · 2014 · News & Politics

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The Chairman of the Committee of e-banking Industry Heads (CeBIH), Tunde Kuponiyi has called for the understanding of bank customers on the recently introduced charge on remote-on-us ATM withdrawals.
Speaking to journalists in Lagos, he said industry statistics compiled by CeBIH showed that inter-bank cash withdrawals rose from 33.4 million transactions with a value of N91 billion in January 2013, to 66.8 million transactions with a value of N168 billion as at December 2013

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