15
Jan
Jan
Banks Face ₦1.35bn Total Fines Over Yuletide ATM Cash Scarcity
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admin / 1 year
- 0
- 2 min read
In a decisive move against cash distribution failures, the Central Bank of Nigeria (CBN) has penalised nine Deposit Money Banks (DMBs) for failing to ensure the availability of naira notes via automated teller machines (ATMs) during the festive season. Each bank was fined ₦150 million for breaching the CBN’s cash distribution guidelines. The penalties were […]