Regulatory Alerts2026-03-13 | PSP/DIR/001/001Guidelines on the Operations of Automated Teller Machines (ATMs) in Nigeria
The Central Bank of Nigeria's updated ATM Guidelines establish rigorous technical and operational standards, mandating features like PCI DSS compliance, specific biometric authentication protocols, and enhanced security measures including cameras and anti-skimming devices. The guidelines impose strict deployment density requirements of one ATM per 7,500 payment cards by 2028, ensure full interoperability, and require all Nigerian-issued card transactions to be processed and settled domestically. Furthermore, they set firm service level objectives for uptime and transaction reversal timelines, introduce mandatory monthly reporting, and outline penalties for non-compliance to ensure robust, secure, and accessible ATM services across Nigeria.
Share