Despite the initial push for central bank digital currencies by many nations, the adoption of CBDCs has been slow across the ...

It slammed a fine of N150 million on deposit money banks found guilty of facilitating the illegal flow of mint naira notes to currency hawkers and unscrupulous agents. A circular to that effect was ...

The Central Bank of Nigeria, CBN, has imposed a fine of N150 million on Deposit Money Banks found culpable of issuing illegal flow of mint naira notes to currency hawkers across the country.

The investigation of the CFA 7m, which is about N17m ( Seventeen Million Naira) commenced on Tuesday ... On thorough examination, it was discovered to contain new mint foreign currency notes.” “Our ...

READ MORE Africa making a mint from crypto mining boom In a region where over half ... The reasons include frequent devaluations of the naira and stringent domestic banking restrictions, driving ...

The Central Bank of Nigeria (CBN) has introduced a stringent penalty of ₦150 million on Deposit Money Banks (DMBs) found guilty of supplying mint naira notes to currency hawkers. Naija News reports ...

The Central Bank of Nigeria (CBN) has introduced a stringent penalty of ₦150 million on Deposit Money Banks (DMBs) found guilty of supplying mint naira notes to currency hawkers. Naija News reports ...

The Central Bank of Nigeria (CBN) says banks facilitating illicit flow of mint naira notes will face N150 million fine per branch. In a circular signed by Solaja Olayemi, the acting director of ...

The apex bank stated that any financial institution found facilitating the illicit flow of mint naira notes will face a hefty fine of N150 million per branch. In a circular signed by Solaja ...

It’s business,” she said. When Saturday PUNCH approached a banker in the state, pretending to need new mint naira notes, the bank worker disclosed that she often sold N200,000 mint notes for ...

The apex bank expressed its concerns about the increasing prevalence of mint naira notes being traded by hawkers. The Central Bank of Nigeria has stated that it woiimpose a fine of N150million on ...