Why bank transfers above ₦10,000 will cost ₦60 under CBN’s new guide

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CBN introduces new guide to reduce cashless payment costs in Nigeria

beginner Published 27 Apr 2026
Action Steps
  1. Review the CBN's new guide on cashless payments
  2. Calculate the cost of transactions above ₦10,000
  3. Explore alternative payment methods to minimize costs
  4. Analyze the impact of the new guide on business operations
  5. Compare the new fees with previous charges to understand the reduction
Who Needs to Know This

Financial professionals and entrepreneurs in Nigeria can benefit from understanding the new guide to navigate cashless payments efficiently

Key Insight

💡 Bank transfers above ₦10,000 will incur a ₦60 fee under the new guide

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💸 CBN introduces new guide to reduce cashless payment costs in Nigeria!
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