Browsing Tag

bank charges

Nigerian’s can choose not to pay new bank charges – CBN

Business Editor Sep 22, 2019 0

The Central Bank of Nigeria has said that there are alternatives for Nigerians who choose not to pay the new bank charges on cash transactions. The Central Bank of Nigeria (CBN) has clarified its policy on the newly announced payment of…

Business

Senate Summons CBN Gov, Commercial Banks MDs Over Illegal Charges

John Ogunsemore Jan 31, 2018 0

The Senate has once again revisited the recurring issue of illegal, arbitrary and excess charges of bank customers in the country. This followed a motion by Senator Magnus Abe (APC, Rivers South-East) at plenary on Tuesday. Sen. Abe's…

Business

Good News: Banks Reduce CoT Charges By 40%

Etinosa Osayimwen Feb 13, 2013 0

After years of groaning by banks' customers over arbitrary charges, the Bankers Committee, has approved the reduction of the Commission on Turnover charged current account holders from N5 on every N1,000 withdrawn to N3. The approval of…