2024-05-07 | BSD/DIR/PUB/LAB/017/007

Re: Processing Fees on Cash Deposits

The Central Bank of Nigeria (CBN) has extended the suspension of processing fees on cash deposits above certain thresholds until September 30, 2024. This means that all financial institutions regulated by the CBN will continue to accept cash deposits without charging any fees during this period. The letter, addressed to all banks and financial institutions, was issued by the CBN's Banking Supervision Department and signed by Dr. Adetona S. Adedeji, the Ag. Director of Banking Supervision.

Nigeria

Central Bank of Nigeria

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