By Modupe Gbadeyanka After outrage from citizens, the Central Bank of Nigeria (CBN) has suspended the reintroduction of processing fees on cash deposits of over N500,000 for individual accounts and more than N3 million for corporate accounts. Recall that on Tuesday, Business Post reported that commercial banks in the country have started to notify their customers of the resumption of charges on cash deposits from May 1, 2024. Many Nigerians were not happy about the development, raising concerns about the desire of the government to squeeze funds from every means in a bid to increase its earnings. But in a
CBN Suspends Charges on Cash Deposits
