The Apex bank explained that the charges would only affect anyone that exceeded the N500,000 daily limit.
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The CBN Governor, Godwin Emefiele, disclosed this at the briefing of some state Governors on the feat recorded in the agriculture sector by the bank in Abuja on Thursday.
Emefiele explained that the fund was disbursed through deposit money banks to six oil palm companies to support their expansion programmes.
The association’s Director-General, Timothy Olawale, who made this known on Thursday in Lagos, said that the full implementation of the policy would impact negatively on several sub-sectors of the economy.
In an interview with journalists in Abuja, Ossai said that the Acting Managing Director and all the Directors in the Niger Delta Development Commission would also answer questions on abandoned projects in the oil rich region.
Some banks customers have expressed disappointment on the directive of the Central Bank of Nigeria to Deposit Money Banks on new charges on certain lodgements and withdrawals.
The Central Bank of Nigeria has undertaken to absorb into its employ all First Class graduates of Economics from Ebonyi State.
The CBN has, however, over the years, been directly or indirectly involved in the financing of growth-enhancing programmes and other projects of the Federal Government which are incidental to the bank’s core mandates.
Figures obtained from the CBN on Friday indicated that the sum of CNY33, 304,365.10 was also offered in the spot and short tenured forwards segment of the inter-bank foreign exchange market on Friday, August 30, 2019.
The Central Bank of Nigeria is to give a loan of N1.5 billion to Plateau State under the Accelerated Agriculture Development Scheme.
Magu, who spoke through Usman Imam, head of Enugu Office of the Commission, while receiving a delegation from the Enugu Branch of the apex bank, led by the Controller, Okonjo Chiedozie, noted the difficulty encountered by the zone in keeping recovered funds in the CBN vault.
The Central Bank of Nigeria on Saturday said that the general public would continue to return mutilated bank notes to their banks after the September 2 deadline.
Some Nigerians have lauded the Central Bank of Nigeria’s proposed policy that will make loan defaulters to forfeit their deposits in others banks.
The bank gave the warning in a statement on Monday in Abuja issued by its Director, Corporate Communications Department, Isaac Okorafor.
Moghalu recommended technology and innovation as alternatives, citing the examples of developed countries.
This was disclosed in Abuja on Friday by the Bank’s Director in charge of Corporate Communications Department, Isaac Okorafor.
The Central Bank of Nigeria has released guidelines for the disbursement of lower denominations of the naira through microfinance banks across the country.
An ad hoc committee of the House of Representatives has summoned heads of four government agencies to appear before in on Monday, August 19.
The Director-General of NECA, Timothy Olawale, while reacting to the directive, told reporters in Lagos that although the directive might be well intended, it left much to be desired in the absence of a buffer time for adjustment.
Gov. Willie Obiano of Anambra said on Friday that 60 per cent of the N3.5bn agriculture grant, secured from the CBN would be given to women farmers and entrepreneurs in the state.