The Central Bank of Nigeria (CBN) has temporarily suspended processing fees on large cash deposits, as announced by Dr. Adetona Adedeji, the acting Director of Supervision at CBN.
This suspension affects deposits exceeding N500,000 for individual accounts and N3,000,000 for corporate accounts. The CBN specified that this suspension will be in effect until April 30, 2024.NYSC Portal
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Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to CanadaAdditionally, for corporate accounts, Deposits Money Banks will charge a five percent processing fee for withdrawals and a three percent processing fee for deposits exceeding N3,000,000.informationguidenigeria
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These measures are outlined in the “Guide to Charges by Banks, Other Financial Institutions, and Non-Bank Financial Institutions” issued on December 20, 2019.JAMB Result
“Consequently, all financial institutions regulated by the CBN should accept all cash deposits from the public without any charges going forward,” CBN stated.JAMB Portal