House Of Reps Urge CBN To Suspend New Charges On Deposits And Withdrawals

Proshare

Thursday, September 19, 2019 / 06:50PM / News / Header Image Credit: @NGRSpeaker

 

The House of Representatives during plenary today urged the Central Bank of Nigeria to suspend its recent directive to banks on cashless policy, which seeks to have individuals and corporate organizations charged for deposits and withdrawals respectively. 

The House further stated that the suspension is until appropriate and comprehensive consultation is made and the outcome of the interface of the House on the matter is concluded. 

This directive was issued via a series of tweets posted on the official twitter account of the Office of the Speaker of the House of Representatives.

 

Proshare Nigeria Pvt. Ltd.

 

Proshare Nigeria Pvt. Ltd.

It will be recalled that the Central Bank of Nigeria had on Tuesday 17th September 2019 issued a circular stating that the new charges will take effect from Wednesday 18th September 2019.

 

Proshare Nigeria Pvt. Ltd.


Related News

 1.     How Not To Major in Minor - Key Issues Arising From Recent Cashless Directive

2.     Banking Sector Update - Latest Cashless Initiative Largely Positive For Banks

3.     CBN Issues Approvals-In-Principle To Three Payment Service Banks

4.     CBN Approves Charges On Withdrawals And Deposits; Unbundles Charges on Electronic Merchants

5.     CBN Issues Guidelines On The Issuance And Treatment Of Bankers Acceptances And Commercial Papers

6.     CBN Issues Regulation On Electronic Payments And Collections For Public And Private Sectors

7.     CBN Amends Guide To Charges By Banks And Other Financial Institutions In Nigeria

8.     Going Cashless This Summer with Firstbank Travel Kits

9.     NSE Launches X-Pay, Promotes Cashless Economy

10. Africa Jumps the Bandwagon: Race Towards a Cashless Economy

11. Nigeria-Investing in a Cashless Future

12. CBN Directs Bankers to Hold Charges on Cashless Policy

13. CBN Extends Cashless Policy to 30 Remaining States; Kicks Off July 1st

14. Complying with CBN's Policy on Cashless Economy

15. Wanted: Laws on cashless economy

16. DStv Goes Cashless - Options from Zenith Bank

17. Cashless Policy: CBN Reviews Retail Cash Withdrawals and Lodgements Limits

18. CBN to share "cashless society" experience at AITEC Banking & Mobile Money Conference

 

Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

 

 

READ MORE:
Related News
SCROLL TO TOP