By InvestAdvocate
Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) last weekend said it’s currently reviewing the extant Guide to Bank Charge, which came into effect on April 1, 2013.
The CBN says the review which is in line with the philosophy of periodically ensuring that the provisions of the guide accord with current realities, also seeks to address complaints from consumers of financial services, requests for clarification on provisions of the guide and absence of tariff regime for other financial institutions in Nigeria.
According to the apex bank, this Guide to charges for Banks and OFIs which replaces the Guide to Bank Charges issued in 2013 takes effect from (month), 2016, and may be reviewed from time to time to reflect changes in the business environment.
