Bank customers in Nigeria will now pay not less than N1.462 billion about $4.6 million to banks as card maintenance charges every month on naira debit and credit cards.
This will add up to almost 18 billion naira, that’s almost $56 million annually, as the revised Guide to Bank Charges take effect this month.
The Central Bank of Nigeria had revised the card maintenance charges in the new guide which was released last month from N100 annually to N50 monthly.
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Data released recently by the Nigeria Inter Bank Settlement System for banking transactions in the country, show that as at September 2016, there are 29.24 million active cards being used by the 63 million active bank customers.
