Circular on Nationwide Implementation of the Cashless Policy
The Central Bank of Nigeria, in a meeting on the 8th of February, reviewed the cash-less policy charges on withdrawal and deposit and decided that the policy be extended to the reminaing 30 states of the Federation. At the above mentioned meeting, the following decisions were taken:
1. Charges on deposits be re-introduced.
2. Charges on deposits and withdrawals were reviewed.
All these decisions were brought in to form a Circular. By this Circular, the new charges would take effect from the 1st of April, 2017.