Tag: deposits
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CBN begins charges on deposits, withdrawals above N500,000
*Deduction of (3%) N15K on withdrawals above N500, 000 for individual accounts. Deduction of (2%) N10K on deposits above N500, 000 for individual accounts *Corporate accounts: Deduction of (5%) N150k for withdrawals and (3%) N90k processing fee for lodgments of amounts above N3, 000, 000 The Central Bank of Nigeria on Tuesday said that the…