Cash scarcity and CBN’s fine of DMBs

Tribune Online
Cash scarcity and CBN’s fine of DMBs

IN a decisive demonstration of its commitment to ensuring seamless cash flow, the Central Bank of Nigeria (CBN) recently imposed sanctions on nine Deposit Money Banks (DMBs) for failing to provide adequate naira notes through their Automated Teller Machines (ATMs) during the recent Yuletide season. The affected banks were each fined ₦150 million for non-compliance […]

Cash scarcity and CBN’s fine of DMBs
Tribune Online