CBN imposes ₦150 Million fine on banks fueling Naira hawking …C0NTINUE READING HERE>>>
The Central Bank of Nigeria (CBN) has imposed a hefty penalty of ₦150 million on Deposit Money Banks (DMBs) caught supplying mint naira notes to currency hawkers.
According to reports, this measure is part of the apex bank’s efforts to combat the illegal trade of naira notes and ensure the efficient distribution of cash to the public.
The announcement comes shortly after the CBN reaffirmed that old ₦1000, ₦500, and ₦200 notes remain legal tender, following a Supreme Court ruling…
CBN imposes ₦150 Million fine on banks fueling Naira hawking …CLICK HERE TO C0NTINUE READING >>>