As Nigeria’s cash scarcity situation continues to ease, customers are expressing disappointment as Point of Sale (PoS) operators have refused to fully reduce their withdrawal charges.Information Guide Nigeria
LEGIT.NG stated, that while PoS operators have reduced their charges, the current rates are still not at the same level as before the peak of the naira cash scarcity in late January and early February.
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Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to CanadaBefore cash scarcity, Nigerians paid N100 for withdrawals up to N5,000 and N200 for withdrawals up to N10,000, while a withdrawal of N20,000 attracted a charge of N400.NYSC Portal
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However, during the crisis, the charges increased significantly. PoS operators are reluctant to revert to the previous fee structure.
A PoS operator in Ikeja, Jamiu Alaba cited the need to maintain profitability. “Yes, I am yet to reverse my charges to previous charges. Although I have slashed it. “You can’t blame me, it is still very difficult to get cash. I charge N200 for withdrawals up to N3,000 and N400 for withdrawals up to N8,000.”
Another PoS operator identified as Mathew said:
“All my staff have been instructed to charge N400 for withdrawals up to N5,000, and N500 for withdrawals up to N10,000.
“Withdrawals between N13,000 and N15,000 attract a service charge of N600, while any amount above N22,000 incurs a fee of N650 for the customer.”JAMB Result
