2019-09-18 | PSM/DIR/GEN/CIR/02/014

Re: Implementation of the Cashless Policy

The Central Bank of Nigeria is implementing a cashless policy with charges on deposits and withdrawals in several states and the FCT, effective September 18, 2019. The policy will be implemented nationwide by March 31, 2020, with varying processing fees for individual and corporate accounts. Deposit Money Banks are expected to ensure strict compliance with these regulations.

Nigeria

Central Bank of Nigeria

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