Nigerian Banking Reforms Today: CBN Pushes ATM Upgrades for December

The Central Bank of Nigeria (CBN) is steering a major shift with its recent directive for ATM upgrades. Under the banner of Nigerian banking reforms, banks must now enable ATMs and POS terminals for foreign card transactions by this December. This move aligns with the CBN’s broader strategy to enhance Nigeria’s economic integration with global markets, inviting an inflow of foreign investments—an essential boost for the Nigerian economy in these challenging times.