Tag: bank processing fees

  • CBN Suspends Charges on Cash Deposits by Banks

    CBN Suspends Charges on Cash Deposits by Banks

    The Central Bank of Nigeria has announced the suspension of processing charges on large volumes of cash deposits. The suspension is contained in a statement by the Acting Director of Supervision, Dr. Adetona Adedeji, on Monday. The new development under the “Guide to Charges by Banks, Other Financial Institutions, and Non-Bank Financial Institutions” issued on…