Next Africa cover image

Next Africa

Can Nigeria’s Central Bank Revive The Country’s Dying ATMS?

Feb 27, 2025
15:01

Nigeria’s Central Bank is allowing banks to increase the amount they charge for withdrawals at ATMs in a bid to tackle cash scarcity at lenders in the country. Nigerians are increasingly turning to cash agents who use card terminals to provide cash, for a high commission. On this week’s episode, Bloomberg’s Nduka Orjinmo joins Jennifer Zabasajja to explain why these cash agents are so popular and whether the moves by the Central Bank will actually make any difference on the ground. You can read Nduka’s reporting here.

For more stories from the region, subscribe to the Next Africa newsletter here

See omnystudio.com/listener for privacy information.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode