CBN reintroduces CoT as current account maintenance fee

25 January 2016, Lagos — The Central Bank of Nigeria, CBN, has indirectly reintroduced Commission on Turnover, CoT, fee as Current Account Maintenance, CAM, Fee. Recall that the CBN in 2013 commenced phased reduction of CoT which terminated with zero CoT charge this year. But in a circular to banks last week signed by Director, […] More »