New CBN Guidelines Raise Cost Of Transfers Above N10,000

The new directive introduces a tiered fee structure based on the transaction value. Inter-bank transfers between N5,000 and N50,000 will now attract a N10 fee, while charges for transfers exceeding N50,000 remain capped at N50. Notably, the Central Bank has removed fees entirely for transactions below N5,000. This specific policy aims to incentivize small businesses […] The post New CBN Guidelines Raise Cost Of Transfers Above N10,000 appeared first on Information Nigeria .

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