CBN Slams ₦150 Million Fine On Banks Supplying New Naira Notes To Hawkers …C0NTINUE READING HERE>>>
The Central Bank of Nigeria (CBN) has introduced a stringent penalty of ₦150 million on Deposit Money Banks (DMBs) found guilty of supplying mint naira notes to currency hawkers.
Henzodaily reports that this move is part of the apex bank’s efforts to curb the illegal trade and ensure the effective distribution of cash to the public.
The announcement follows the CBN’s clarification regarding the continued use of old ₦1000, ₦500, and ₦200 notes as legal tender.
A statement…
CBN Slams ₦150 Million Fine On Banks Supplying New Naira Notes To Hawkers …CLICK HERE TO C0NTINUE READING >>>