The Central Bank of Nigeria (CBN) has directed banks and other card issuers to expand the deployment of Automated Teller Machines (ATMs) across the country, mandating a minimum ratio of one ATM for every 7,500 payment cards issued by 2028.
According to the Guidelines on the Operations of Automated Teller Machines (ATMs) in Nigeria issued by the apex bank, āAll card issuers shall deploy ATMs, of at least 1 ATM per every 7,500 payment cards issued.ā
The directive was contained in a circular dated March 13, 2026, signed by the Director of the Payments System Policy Department, Musa I. Jimoh, and addressed to banks, other financial institutions and payment service providers.Get The Full, Details. .
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