Customers’ gain is banks’ loss as CBN suspends deposit fees

The ascendancy of “inflation-targeting” as the favored monetary policy framework and, in turn, led to operational independence for central banks.

Customers are seen breathing a sigh of relief while banks could be in for revenue losses as the Central Bank of Nigeria (CBN), on Monday, suspended with immediate effect the processing fees of two percent and three percent charged on all cash deposits above certain thresholds. This suspension sha

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