Source: Financial Digest (financialdigest.net)
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CBN imposes additional charges on transactions on individual bank accountsThe CBN said the charges would be in addition to already existing charges on withdrawals, and will be aimed at encouraging it's cashless policy. A deposit of N500k will attract N10,000 in deposit charges in addition to SMS, COT, VAT, Acct. Maintenance, Stamp duty, money transfer & all other covert charges. So much for banking the unbanked, cashless policy, SMEs support, poverty alleviation rhetorics etc. Wow, just wow. Exactly why bitcoin would take over the fiat banking system. Next Level!
Source: PremiumTimesng - 🏆 3. / 78 Read more »
CBN increases charges on withdrawals, deposits – Daily TrustThe Central Bank of Nigeria, in a circular to all deposit money banks, yesterday announced the commencement of charges on deposits in addition to already existing charges on withdrawals. According to the circular, the charges, which take effect from today, will attract three percent processing fees for withdrawals and two percent processing fees for lodgements … 🤔 Legalized stealing activated omaredewor How does this grow the economy? They keep taking money out of peoples hands.
Source: Daily Trust - 🏆 13. / 51 Read more »
CBN Reschedules MPC Meeting - THISDAYLIVE* Meeting fixed for Thursday, Friday Obinna Chima The Central Bank of Nigeria (CBN) has rescheduled its Monetary Policy Committee (MPC) meeting for September earlier planned for next Monday and Tuesday. The meeting now holds this Thursday and Friday. The Director, Corporate Communications, CBN, Mr. Isaac Okorafor, disclosed this in a statement issued on Tuesday. …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
BREAKING: MPC Meeting To Hold Earlier Than Scheduled, Says CBNBREAKING: MPC Meeting To Hold Earlier Than Scheduled, Says CBN.
Source: channelstv - 🏆 7. / 63 Read more »
CBN tasks bureau de change operators on money laundering, terrorism – Daily TrustThe Central Bank of Nigeria (CBN), on Tuesday, charged operators of bureaux de change to curb money laundering and terrorism by operating in accordance with the rules of the business. Mr Kayode Asanmo, the CBN Deputy Director, Banking Supervision, gave the charge during a sensitisation programme in the South –South and South-East zones, in Port …
Source: Daily Trust - 🏆 13. / 51 Read more »
Nationwide implementation of Cashless policy to begin March 2020, says CBN – Daily TrustThe Central Bank of Nigeria (CBN) has announced a review of the process for merchant settlement. This is even as the apex bank announced that its cashless policy will go live from March 2020. In a statement signed by the Director, Payments System Management Department at the bank, Sam Okojere, on Tuesday, the CBN said … factor the impact of new VAT hike😡 Shirmen banza aikin kawai
Source: Daily Trust - 🏆 13. / 51 Read more »