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The Central Bank of Nigeria (CBN) has released the name of deposit money banks in Nigeria with valid licenses as of April 2024, which are authorised to take charges
The newly introduced cybersecurity levy by the Central Bank of Nigeria has added to the list of charges and levies Nigerians pay on electronic transfers.
The Central Bank of Nigeria has mandated financial institutions to begin 0.5% deductions on electronic bank transfers after the resumption of charges on deposits
The Central Bank of Nigeria has asked commercial, merchant, non-interest and payment service banks, among others, to debit customers for cybersecurity.
The Central Bank of Nigeria has asked commercial banks and other financial institutions to begin new debits on customers' bank accounts for cybersecurity.
The Nigerian government has directed commercial banks to begin charging stamp duty on mortgage-backed loans on all accounts effective January 2024.
Commercial banks and other financial institutions have reintroduced charges on cash deposits for individuals and corporate accounts nationwide after deadline ended,
The NIBSS has revealed that Nigerian banks lost close to N18 billion to fraud in 2023, with customers in Lagos, Abuja and Rivers recording the largest losses.
Nigerian banks have begun implementing the Central Bank of Nigeria (CBN) order to close customers' bank accounts if they lack the necessary identification.
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