BREAKING: CBN To Sanction Nigerian Banks - AZNews

BREAKING: CBN To Sanction Nigerian Banks

The Central Bank of Nigeria (CBN), on Tuesday, vowed to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations of the United States of America Dollars.....Read The Full Story Here ▶

In a circular issued by the Ag. Director of Currency Operations Department of CBN, with reference: COD/DIR/INT/CIR/001/017, the apex bank said its market intelligence had revealed the continued rejection of the affected Dollar notes, which it described as unacceptable.

More details later…