Cbn raises atm maintenance fee 500

It looks like you're referring to a recent announcement from the Central Bank of Nigeria (CBN) regarding the ATM maintenance fee.

According to reports, the CBN has increased the ATM maintenance fee from N50 to N500. This means that banks will now charge customers a higher fee for using ATMs that are not owned by their bank.

Here's a breakdown of the new fee structure:

This increase is aimed at encouraging banks to invest in their own ATMs and reduce the reliance on other banks' ATMs. The CBN hopes that this move will improve the efficiency and security of ATM transactions in Nigeria.

It's worth noting that this new fee structure may affect the way you use ATMs in Nigeria. You may want to consider using your own bank's ATMs or exploring alternative payment methods to avoid the higher fees.

Do you have any questions about this new fee structure or how it might affect your banking habits?