Nigerian govt reacts as CBN slashes ATM, transfer charges

Minister of Communications and Digital Economy, Dr Isa Ali Pantami, has hailed the decision of the Central Bank of Nigeria (CBN), to reduce the cost of electronic cash transactions, Automated Teller Machine (ATM) and card maintenance fees.

Pantami’s reaction was contained in a statement on Wednesday by Uwa Suleiman, his spokesperson.

“This directive from the regulator of the financial sector will in no small measure contribute to the actualization of a Digital Economy, as lower service charges will encourage a higher patronage of electronic services, especially in the banking and financial services sector.

“The honourable Minister, encourages all decision making institutions in the country, to enact policies that will give support and key into the Digital Economy policy of…

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