Bothered by the undue pressure on bank customers as a result of charges on transactions, Resort Savings and Loans Plc has introduced an account with zero COT charges. The Head of Business Development of the mortgage bank, Mr. Olayemi Popoola, made this known to journalists in Lagos on Thursday at […]
Tag: COT
CBN to phase out COT By 2016
By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has planned to phase out Commission on Turnover (COT) by year 2016 according to a Revised Guide to Bank Charges. This is contained in a circular with reference number: “FPR/DIR/GEN/CIR/03/002, dated March 27, 2013, and signed by I.T Nwaoha […]
