Customers react to CBN’s new bank charges in Nigeria

Nigerian slope consumers person reacted to the kickoff of the caller slope charges authorities successful enactment with the Central Bank of Nigeria’s directive.
Recall the apex slope successful a circular released titled ‘Guide to Charges by Banks and Other Financial Institutions’ accrued the interest for the issuance of automated teller machines to N1,500 from N1,000.

CBN besides directed banks to scrap attraction fees connected Naira-dominated cards and different reviewed charges expected to instrumentality effect from May 1, 2026.

Reacting to DAILY POST, Uju Ogunbunka, President of the Bank Customers’ Association of Nigeria, said consumers would endure much charges with respect to the upward reappraisal of the ATM issuance charge.

“Consumers volition endure much charges, but if the volition is to scrap the attraction charge, which happened to beryllium lower, past it makes the argumentation not plausible,” helium told DAILY POST connected Monday.

DAILY POST reports the apex slope announced the directive connected caller slope charges past week.

Customers respond to CBN’s caller slope charges successful Nigeria