2017-04-21 | BPS/DIR/GEN/CIR/04/004

Re: Circular On National Implementation of The Cash-Less Policy

The Central Bank of Nigeria has suspended the new withdrawal and deposit processing fee charges for accounts above a certain threshold. The policy reverts to the previous charges for individual and corporate accounts, as indicated in the table provided. The policy on third-party cheques remains unchanged, and banks are instructed to reverse any new charges applied from April 1, 2017, and refund customers accordingly.

Nigeria

Central Bank of Nigeria

Show thumbnailShow full textSourceAdd to collection

Show thumbnail