FG directs banks to give ATM cards that double as national identity cards

The Federal Government has directed commercial banks and other financial institutions to issue new cards to customers, that will serve as Automatic Teller Machines, ATM, and National Identification Numbers, NIN, card. This was made known by announced, Isa Pantami, Minister of Communications…

CBN bans over the counter withdrawal of new Naira notes

The Central Bank of Nigeria, CBN, has ordered Deposit Money Banks not to pay over-the-counter withdrawals of new naira notes to customers, with immediate effect. Instead, the CBN has directed all banks to load their Automated Teller Machines, ATM’s, with only new…