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“We have been chosen because we are qualified and ready,” Edun stated.
The takeover will enhance its stability and facilitate a smooth recapitalisation process
For withdrawals at ATMs belonging to other banks (Not-on-Us transactions), an N100 fee plus a surcharge of not more than N500 per N20,000 withdrawal will apply.
Maiwada explained that “This suspension will enable comprehensive stakeholder engagement and consultations regarding the Act’s implementation framework.
The new regulations target travellers from the following nations: Algeria, Bangladesh, Egypt, Ethiopia, India, Indonesia, Iraq, Jordan, Morocco, Nigeria, Pakistan, Sudan, Tunisia, and Yemen.
Saraki noted that with Nigeria’s annual imports estimated at N71 trillion, the new 4 percent customs administration charge on FOB value will come to N2.84 trillion
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