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CBN cracks down on hawking...

CBN cracks down on hawking new naira...

Banks dismiss 49 staff in...

Banks dismiss 49 staff in 2 months...

CBN cracks down on hawking new naira notes to combat illicit cash flow

CBN cracks down on hawking new naira notes to combat illicit cash flow In response to growing concerns over the illegal trading of new naira notes, the Central Bank of Nigeria (CBN) is implementing strict measures to safeguard the integrity of the currency and prevent illicit cash flows. As part of this effort, the bank announced a significant fine of N150 million for Deposit Money Banks (DMBs) found to be facilitating such activities. A formal circular issued on Friday, December 13, 2024, signed by Mohammed Olayemi, the Acting Director of the Currency...
Jane AISO -
News

CBN cracks down...

CBN cracks down on hawking new naira notes to combat illicit cash flow In response to growing concerns over the illegal trading of new naira...
Jane AISO -
News

Banks dismiss 49...

Banks dismiss 49 staff in 2 months over fraud Deposit money banks in Nigeria have sacked over 49 employees due to their involvement in fraudulent...
Hafsat Aleeyu Muye -
News

CBN to sanction...

CBN to sanction banks, FX dealers rejecting old, lower dollar bills The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) and authorised...
Hafsat Aleeyu Muye -
Business & Economy

CBN warns Nigerians...

CBN warns Nigerians against circulation of fake naira notes The Central Bank of Nigeria (CBN) has warned Nigerians about fake naira banknotes in circulation amid...
Gift Luckson -
Business & Economy

CBN retains Loan...

The Central Bank of Nigeria (CBN) has retained the Loan-to-Deposit Ratio (LDR) policy for banks at 65 percent and set the March 31 deadline...
Aisha Auyo -
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