CBN POLICY

Polaris Bank has said charges would be waived for loan defaulters for three months. The bank said the waiver would be effective from March 1, 2020. The Central Bank of Nigeria (CBN) empowers deposit money banks to charge 1% penalty for…

Bank customers are to pay more for Point of Sale (PoS) transactions  according to a new CBN directive, it has emerged. This Central Bank of Nigeria’s directs banks to charge N50 Stamp Duty on individual transactions. The directive on the…

The Central Bank of Nigeria (CBN) has taken two approaches to deepen financial intervention in the real sector and boost economic growth. The Governor of the CBN, Godwin Emefiele, listed the approaches as de-risking of bank lending…