CBN Reduces Charges On All Bank Transactions

The Central Bank Of Nigeria (CBN) has announced a reduction in bank charges on ATM withdrawals, electronic transfers, card maintenance fees, which will take effect from the 1st of January 2020. The new charges were contained in the Guide to Charges by Banks and other Financial Institutions by CBN on Sunday. Electronic transfers below N5000 will attract a fee of N10, and N25 between via IFTTT