Tag: BANKS

CBN Penalizes Banks with N150m Fine for Illicit Naira Mint Transactions

The Central Bank of Nigeria (CBN) has imposed a ₦150 million penalty per branch on Deposit Money Banks (DMBs) found engaging in the illegal flow of freshly minted Naira notes…

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CBN To Banks: Notify Customers Before Debt Recovery Moves

The Central Bank of Nigeria has instructed regulated entities to provide customers with notices of outstanding obligations before beginning debt collection. This is to ensure that the debt recovery process…

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