Nigerian banks to charge processing fee for cash deposits, and it’s legal

Starting from September 18, 2019, Nigerians operating bank accounts will begin to pay charges for deposits and withdrawals. Making the announcement on Tuesday, the Central Bank of Nigeria said that the nationwide implementation of the cashless policy will begin by March 2020. The apex bank said that implementation of the policy would signal the imposition … Continue reading Nigerian banks to charge processing fee for cash deposits, and it’s legal