August 1, 2023 8:50 AMThe Central Bank of Nigeria has exempted microfinance banks and primary mortgage banks from paying processing fees for withdrawals above the cash withdrawal limits.
“The Central Bank of Nigeria hereby directs the exemption of microfinance banks and primary mortgage banks that provide banking services to the economically active poor from paying the processing fees for withdrawals above the cash withdrawal limits for direct cash withdrawals from their correspondent banks,” the circular reads.
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