Monday, 25 January 2016

Banking: CBN reintroduces CoT as current account maintenance fee

The Central Bank of Nigeria (CBN) has indirectly reintroduced Commission on Turnover (CoT) fee as Current Account Maintenance (CAM) Fee. Recall that the CBN in 2013 commenced phased reduction of CoT which terminated with zero CoT charge this year. But in a circular to banks last week signed by Director, Financial Policy & Regulation Department, […]

from fornaija.com http://ift.tt/1UlYanE
via fornaija

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