CBN Stops Charges on Cash Deposits

The Central Bank of Nigeria(CBN) has directed banks to stop charges on cash deposits until September 30, 2024. CBN disclosed this in a circular dated May 6, 2024, and signed by its Director of Banking Supervision, Adetona Adedeji. Some bank customers had raised concerns after lenders began the collection of processing fees for cash deposits … Continue reading CBN Stops Charges on Cash Deposits