atm

  1. CBN Announces New Debit Card Rules to Tackle ATM Congestion, Downtime

    Nigeria CBN Announces New Debit Card Rules to Tackle ATM Congestion, Downtime

    The Digest: The Central Bank of Nigeria has announced plans to introduce a new regulatory framework to ease debit card issuance and improve Automated Teller Machine operations nationwide. CBN Governor Olayemi Cardoso stated the policy aims to tackle persistent cash access challenges and...
    • Nigeria News
    • Article
    • 1 min read
    • atm banking cbn debit card olayemi cardoso regulation
    • Category: Business
  2. CBN Orders Banks to Guarantee Smooth ATM, POS Transactions for Foreign Cards During Yuletide

    Nigeria CBN Orders Banks to Guarantee Smooth ATM, POS Transactions for Foreign Cards During Yuletide

    The Digest: The Central Bank of Nigeria has directed banks and financial institutions to ensure seamless functionality of ATMs, POS terminals, and online platforms for foreign-issued payment cards nationwide throughout the festive season. The directive aims to improve access, security, and...
  3. CBN Orders Banks to Refund Failed ATM Transactions Within 48 Hours

    Nigeria CBN Orders Banks to Refund Failed ATM Transactions Within 48 Hours

    The Digest: The Central Bank of Nigeria (CBN) has issued a strict new directive for all banks. According to a draft guideline reported by Daily Post, financial institutions must now automatically reverse failed ATM transactions or issue refunds within 24 to 48 hours, a decisive step to end the...
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