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The Cash-less Policy - Business - Nairaland

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The Cash-less Policy by Woshtv: 12:40pm On Sep 18, 2019
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If you have a bank account in Nigeria and regularly deposit money into it, read this new CBN transaction charges starting from tomorrow in some states in Nigeria

How this works:

If you deposit N500,000 in your bank account, CBN will take 2% = N10,000
Your balance will be N490,000

If you withdraw N200,000 from your bank balance of N490,000, CBN will take 3% from that withdrawal = N6,000
Your withdrawal will be N194,000

Re: The Cash-less Policy by charleff512(m): 12:44pm On Sep 18, 2019
HOW DID WE GET HERE?

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