News
CBN: N1, 500 new ATM Card issuance fee to enhance innovative financial services, inclusion
1+ day, 32+ min ago (513+ words) Isola Moses | Consumer Connect The Central Bank of Nigeria (CBN) has increased the fee for issuance and replacement of Automated Terminal Machine (ATM) debit/ credit cards from initial N1, 000 to N1, 500. The CBN also said it scrapped the N50 monthly charges for Naira…...
CBN explains directive on capping new mobile banking transfers for 24 hours
1+ mon, 1+ week ago (857+ words) Isola Moses | Consumer Connect As part of practical measures to tighten Bank Verification Number (BVN) rules, the Central Bank of Nigeria (CBN) has explained new measures on capping mobile banking applications are aimed at strengthening security in Nigeria's instant payment…...