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Amid the ongoing hardship ravaging Nigeria, deposit money banks in the country will now start charging 0.5% cybersecurity levy on transactions. This was contained in a circular dated May 6, 2024 by Central Bank of Nigeria (CBN) to all commercial, merchant, non-interest and payment service banks as well as mobile money operators and payment service
The Federal High Court in Asaba, Delta State, has ordered the refund of the cumulative N50 stamp duty charges deducted from the account of a customer of Zenith Bank Plc and remitted to the Central Bank of Nigeria for over a period of three years. Justice Nnamdi Dimgba ruled that the continued stamp duty deductions
[dropcap]T[/dropcap]he Senate has urged the Central Bank of Nigeria (CBN) to look into the suspension of the Automated Teller Machine (ATM) maintenance and withdrawal charges by banks. This was after a motion on “illicit and excessive charges by Nigerian banks in customers accounts” was raised by Senator Gbenga Ashafa during the plenary session