CBN raises ATM card fee to N1,500, scraps maintenance charges

The Central Bank of Nigeria has increased the fee for issuing or replacing ATM, debit and credit cards from N1,000 to N1,500, a 50 % rise. At the same time it has abolished the N50 monthly maintenance charge on naira‑denominated cards, meaning users face a higher one‑time cost but no ongoing fee. This

The Central Bank of Nigeria, CBN, has raised the cost of issuing and replacing Automated Teller Machine, ATM, debit and credit cards by 50 per cent, increasing the fee from N1,000 to N1,500. At the same time, the apex bank has eliminated the monthly maintenance charge of N50 on naira-denominated debit and credit cards, which […] CBN raises ATM card fee to N1,500, scraps maintenance charges