The Central Bank of Nigeria (CBN) has announced the suspension of charges on bank deposits by customers.
In a briefing on Wednesday in Abuja, the Governor of the CBN, Mr Godwin Emefiele, disclosed that this affects cash and electronic deposits of the Naira to the tune of N150,000.
Before now, customers were charged a stamp duty of N50 for bank deposits, a 7.5 per cent VAT and a commission for the transaction.
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