Tuesday, June 30, 2026

Adetona Adedeji

May 8, 2024

Nigerian banks will start charging processing fees on cash deposits again in September: CBN

The extension followed widespread condemnation of the CBN’s recently announced 0.5 per cent cybersecurity levy on electronic transactions.

OLAYEMI CARDOSO; CBN
May 7, 2024

CBN directs banks to suspend charges on cash deposits for three months

The Central Bank of Nigeria (CBN) on Tuesday directed banks to suspend charges on cash deposits until September 30, 2024.

CBN
April 8, 2024

CBN stops banks from collecting foreign currencies as collateral for naira loans

CBN stated that it has seen FCY being used as collateral for naira loans by its clients and, as a result, forbids it going forward.

Central Bank of Nigeria Logo

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