CBN's New Cashless Policy To Charge Nigerians For Cash Withdrawals And Deposits

The Central Bank of Nigeria (CBN) says Nigerians will now be charged more for cash deposits and withdrawals in furtherance of its cashless policy. In a circular, dated September 17, 2019, the CBN's director of Payments System Management Department, Sam Okojere, instructed deposit money banks tomplement the policy starting from September 18."Charges on deposits shall apply in Lagos, via IFTTT