CBN suspends processing fee on large cash deposits amid naira scarcity
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, … Read more