Central Bank of Nigeria Establishes New Minimum Standards for ATM Deployment, Operations, Maintenance, and Security

The CBN says the directives in its communique titled *"Exposure of the Draft Guidelines on the Operations of Automated Teller Machines (ATMs) in Nigeria,"* supersedes previous ATM regulations. Here is a summary of the Major Requirements: 1. ATM Deployment and Density Target: All card issuers must deploy at least 1 ATM per 5,000...