Cryptocurrency Q&A
What is cot in banking?
What is cot in banking?
alexander_jackson_athlete
Tue Aug 13 2024
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7 answers
1429
Excuse me, could you please clarify what "cot" refers to in the context of banking? I'm not familiar with this specific term and would appreciate some insight. Is it a type of financial instrument, a service offered by banks, or something else entirely? Understanding the meaning of "cot" will help me better grasp its role and significance in the banking industry.
7 answers
Martino
Thu Aug 15 2024
This move is expected to reduce the cost of banking for customers and encourage more transactions.
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WhisperInfinity
Thu Aug 15 2024
The Central Bank of Nigeria (CBN) has introduced a new policy known as Zero Commission on Turnover (COT).
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SoulStorm
Thu Aug 15 2024
The CBN believes that by eliminating these commissions, it will boost economic activity and promote financial inclusion.
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CryptoDynastyLord
Thu Aug 15 2024
This policy aims to stimulate financial transactions and enhance the efficiency of the Nigerian banking system.
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Silvia
Thu Aug 15 2024
With the removal of these charges, individuals and businesses will have more disposable income to invest and grow their operations.
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