Tag: Deposits
Heritage Bank: CBN reassures safety of depositors’ funds
The Central Bank of Nigeria (CBN) has again reassured customers of the safety of their deposits and the banking system's resilience following Heritage Bank...
CBN orders banks to suspend charges on cash deposits till September
The Central Bank of Nigeria (CBN) has directed banks in the country to stop charges on cash deposits until September 30, 2024.
CBN gave the...
Banks begin charges on cash deposits above N500,000
Commercial banks in the country have resumed charges for cash deposits exceeding N500,000 for individual accounts and N3 million for corporate accounts.
This was disclosed...
CBN: We’ve no plans to convert $30bn domiciliary deposits to naira
The Central Bank of Nigeria (CBN) says it has no plans to convert $30 billion deposits in domiciliary accounts to naira.
A report had, on...
CBN suspends processing fees on cash deposits
The Central Bank of Nigeria (CBN) has suspended the charging of processing fees of two per cent and three per cent on all cash...
