Godwin Emefiele,Gov CBN. Saving culture attitude may be gradually eroded if CBN(Central Bank Of Nigeria) should go ahead with the new policy.Depositors between 500,000 and 1million naira will pay 1.5% on deposit and 2% on withdrawal.This is also applicable to deposit between 1million naira to 5million with 2% charges on deposit and 3% on withdrawal.
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