CBN threatens to sanction banks hoarding, diverting cash

Punchng | 16-11-2024 08:51am |

The Central Bank of Nigeria has warned Deposit Money Banks over cash hoarding and diversion, emphasising that such actions will attract stiff penalties. In a circular dated November 13, 2024, signed by the Acting Director of Currency Operations, Muhammad J. Olayemi, and released by the CBN on Friday, the apex bank announced measures to ensure Read More

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