News
ATM Relocation CBN Deadline Expires August
The Central Bank of Nigeria (CBN), has reiterated its directive to banks which located their Automated Tellers Machines (ATM) at public places to relocate them as soon as possible.
The directive which was handed down yesterday by the apex bank gave August ending as the deadline for the removal of ATM machines from public places such as shopping malls, bookshops, hotels, airports among others.
The CBN noted that the action became necessary as the banks have deviated from the operational guidelines for ATM.
However, some members of the public who spoke to The Tide on the development said that the removal of ATM from such places would slow down businesses.
According to them, the use of ATMs have promoted business in the country, adding that it has also reduced the stress in cashing money from the bank counters.
They noted that the widespread use of the innovation in recent times provided easy access for monetary transactions.
But in his reaction, the Registrar of the Chartered Institute of Bankers of Nigeria, Mr Uju Ogubunka said that the ATM services in public places need to be allowed, noting that their removal could be revisited after wide consultation.
News
Group Doles out N13m To Market Women In Isiama
News
Fubara’s Return Excites NCSU … As Hope Rises For Civil Servants
News
NDDC Organizes ADR Capacity Building for Staff
-
Maritime2 days ago
Minister Tasks Academy On Thorough-Bred Professionals
-
Maritime2 days ago
Customs Cautions On Delayed Clearance, Says Consignees May Lose Cargo
-
Maritime2 days ago
NCS Sensitises Stakeholders On Automated Overtime Cargo Clearance System
-
Maritime2 days ago
Lagos Ready For International Boat Race–LASWA
-
Maritime2 days ago
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround
-
Politics2 days ago
I Would Have Gotten Third Term If I Wanted – Obasanjo
-
Sports2 days ago
Bournemouth, Newcastle Share Points
-
Sports2 days ago
Iwobi Stars As Fulham Overcome Brentford