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CBN introduces new charges on cash deposits, withdrawals

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The apex bank, the Central Bank of Nigeria (CBN) on Thursday reintroduced charges on cash deposits and withdrawals. This is contained in a circular sgined by Dipo Fatokun, director, Banking & Payments System. Department, that individual cash withdrawals or deposits less than N500,000 will attract no charges, however, cash withdrawals or deposits above N500,000 to N1 ...

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