The Central Bank of Nigeria (CBN) says any commercial bank that fails to pay the new naira notes to customers will be fined N1 million daily.
Wasilat AzeezThe Central Bank of Nigeria says any commercial bank that fails to pick up the new naira notes for distribution will be fined N1 million daily.
“As at today, CBN has printed enough new naira notes of N200, N500 and N1,000,” NAN quoted the CBN official as saying. “We also mandated the banks to put new naira notes in their ATMs all over Nigeria so that Nigerians will have access to the new naira notes.” He said the team was at Ayegbaju market to sensitise traders on the newly-redesigned naira notes, the eNaira app, as well as how they can subscribe to it for their business transactions.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CBN: We’ve been begging banks to pick up new naira notes - Daily TrustThe Central Bank of Nigeria (CBN) says it has been begging commercial banks to pick up the new Naira notes. The apex bank had redesigned N200, N500, and
Read more »
CBN asks Nigerians to reject old naira notes from banks - Daily TrustThe Central Bank of Nigeria (CBN) has directed customers to start rejecting old naira notes from banks, insisting that the old notes ceased to be legal tender by the January 31 as earlier stipulated
Read more »
Banks that will pay N1m fine over new notes - Emefiele revealsThe Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele has slammed commercial banks for not issuing the new naira notes. Emefiele warned that
Read more »
CBN to sanction banks hoarding new naira notesThe Central Bank of Nigeria has vowed to sanction any commercial bank found hoarding the new naira notes, saying it had produced enough for distribution to all the banks across the country.
Read more »
CBN To Sanction Banks Dispensing Old Naira Notes In Cross RiverArrangements have been concluded by the Central Bank of Nigeria (CBN) to sanction any commercial bank, which still dispenses old Naira notes to its customers
Read more »
Newspaper Headlines: Bank ATMs still dispensing old naira notes despite CBN directive | TheCableReports on the lingering petrol scarcity and hike in the price of the product dominated the cover pages of Nigerian newspapers.
Read more »