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  The Central Bank of Nigeria has said it would henceforth charge depositors as well as those making withdrawal find s starting from September 18, 2019. This was made known on Tuesday. The CBN added that the nationwide implementation of the cashless policy will begin by March 2020. The apex bank said that implementation of the policy would signal the imposition of charges on deposits in addition to already existing charges on withdrawals. According to the circular, the charges will attract three per cent processing fees for withdrawals and tw v house o per cent processing fees for lodgments of amounts above N500,000 for individual accounts. For corporate accounts, the apex bank in the circular said that DMBs would charge five per cent processing fee for business withdrawals and three per cent for lodgments of amounts above N3m. More, the bank noted that the charge on deposits would apply to only transactions done in Lagos, Ogun, Kano, Abia, Anambra, and Rivers stat

  The Central Bank of Nigeria has said it would henceforth charge depositors as well as those making withdrawal webapex.net s starting from September 18, 2019. This was made known on Tuesday. The CBN added that the nationwide implementation of the cashless policy will begin by March 2020. The apex bank said that implementation of the policy would signal the imposition of charges on deposits in addition to already existing charges on withdrawals. According to the circular, the charges will attract three per cent processing fees for withdrawals westernmagazine.org and two per cent processing fees for lodgments of amounts above N500,000 for individual accounts. For corporate accounts, the apex bank in the circular said that DMBs would charge five per cent processing fee for withdrawals and three per cent for lodgments of amounts above N3m. More, the bank noted that the char ysin.org ge on deposits would apply to only transactions done in Lagos, Ogun, Kano, Abia, An

  The Central Bank of Nigeria has said it would henceforth charge depositors as well as those making withdr usatimes.cc awals starting from September 18, 2019. This was made known on Tuesday. The CBN added that the nationwide implementation of the cashless policy will begin by March 2020. The apex bank said that implementation of the policy would signal the imposition of charges on deposits in addition to al usanews.cc ready existing charges on withdrawals. According to the circular, the charges will attract three per cent processing fees for withdrawals and t news wo per cent processing fees for lodgments of amounts above N500,000 for individual accounts. For corporate accounts, the apex bank in the circular said that DMBs would charge five per cent processing fee for withdrawals and three per cent for lodgments of amounts above N3m. More, the bank noted that the charge on deposits would apply to only transactions done in Lagos, Ogun, Kano, Abia, Anambra, and Rive