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Central Bank Of Nigeria (CBN) Imposes N1.00/per N1,00.0.00 Debit Transaction Fee - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Central Bank Of Nigeria (CBN) Imposes N1.00/per N1,00.0.00 Debit Transaction Fee (1514 Views)

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Central Bank Of Nigeria (CBN) Imposes N1.00/per N1,00.0.00 Debit Transaction Fee by linearity: 8:15pm On Jan 29, 2016
Subsequent to imposing the stamp duty of N50 on bank customers for money received into their accounts, see the thread below...

https://www.nairaland.com/2877070/n50-stamp-duty-imposed-bank#42137847

It appear CBN have quietly targeted Nigeria Banking customers, when they want to spend their money... Now each time you shop or initiate any debit transaction, please budget for an extra N1.00 for every N1,000.00 spent...e.g. if you spend N100,000.00; CBN will now force you to give up another N100.00 .... In fact, since most people spend almost 100% of their salary each month, budget about 0.1% of your salary that goes to debit transactions for the government.

I just got this from my bank.....



Please Mod, this na front page material....!

Re: Central Bank Of Nigeria (CBN) Imposes N1.00/per N1,00.0.00 Debit Transaction Fee by godoluwa(m): 8:19pm On Jan 29, 2016
source?
Re: Central Bank Of Nigeria (CBN) Imposes N1.00/per N1,00.0.00 Debit Transaction Fee by Acidosis(m): 8:20pm On Jan 29, 2016
Effect from January 1, 2016?


Meaning Buharinomics has been scamming and playing on the sensibilities of Nigerians

2 Likes

Re: Central Bank Of Nigeria (CBN) Imposes N1.00/per N1,00.0.00 Debit Transaction Fee by Donald3d(m): 8:26pm On Jan 29, 2016
why !!!!!
Re: Central Bank Of Nigeria (CBN) Imposes N1.00/per N1,00.0.00 Debit Transaction Fee by xpac01(m): 8:42pm On Jan 29, 2016
What is happening in my country for God's sake? Is this change
Re: Central Bank Of Nigeria (CBN) Imposes N1.00/per N1,00.0.00 Debit Transaction Fee by grandstar(m): 9:22pm On Jan 29, 2016
The sum involved is piffling. Ecuador used to charge 0.5% on all bank transactions. Used to help the country raise $300m yearly.
Re: Central Bank Of Nigeria (CBN) Imposes N1.00/per N1,00.0.00 Debit Transaction Fee by hawk05(m): 9:23pm On Jan 29, 2016
Course code: BHM 101
Course Title: The Principle of Buharimetric
Course Unit: 3
Compusory/Elective/Required: CORE
Faculty: Zoo
Department: APC
Lecturer: Prof ......??
Re: Central Bank Of Nigeria (CBN) Imposes N1.00/per N1,00.0.00 Debit Transaction Fee by linearity: 9:50pm On Jan 29, 2016
godoluwa:
source?

The source is there, got it from my Bank - Firstbank. Easy to confirm...their phone number is even there.
Re: Central Bank Of Nigeria (CBN) Imposes N1.00/per N1,00.0.00 Debit Transaction Fee by linearity: 9:52pm On Jan 29, 2016
grandstar:
The sum involved is piffling. Ecuador used to charge 0.5% on all bank transactions. Used to help the country raise $300m yearly.

Remember that, this 0.1% excludes the VAT, COT and the N50.00 stamp duty, but these fees applies to different transactions and some transactions will be hit with multiple category of fees.

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Re: Central Bank Of Nigeria (CBN) Imposes N1.00/per N1,00.0.00 Debit Transaction Fee by Nobody: 10:10pm On Jan 29, 2016
linearity:


Remember that, this 0.1% excludes the VAT, COT and the N50.00 stamp duty, but these fees applies to different transactions and some transactions will be hit with multiple category of fees.
it applies to current account holders only...
Re: Central Bank Of Nigeria (CBN) Imposes N1.00/per N1,00.0.00 Debit Transaction Fee by Nobody: 10:16pm On Jan 29, 2016
never imagined buharis government could be this worse
Re: Central Bank Of Nigeria (CBN) Imposes N1.00/per N1,00.0.00 Debit Transaction Fee by mashnino(m): 12:13am On Jan 30, 2016
ewo
Re: Central Bank Of Nigeria (CBN) Imposes N1.00/per N1,00.0.00 Debit Transaction Fee by winetapper: 9:03am On Jan 30, 2016
cry
Re: Central Bank Of Nigeria (CBN) Imposes N1.00/per N1,00.0.00 Debit Transaction Fee by ican2020: 12:04pm On Jan 30, 2016
you see what you guys forced on us
Re: Central Bank Of Nigeria (CBN) Imposes N1.00/per N1,00.0.00 Debit Transaction Fee by Nobody: 6:51am On May 22, 2018
Mister man, what is my name doing along with your link.

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