CBN accuses banks of hoarding N4.5bn redesigned notes
The Central Bank of Nigeria has accused some commercial banks in Port Harcourt, Rivers State, of refusing to dispense the sum of N4.5 billion…The Central Bank of Nigeria has accused some commercial banks in Port Harcourt, Rivers State, of refusing to dispense the sum of N4.5 billion redesigned notes distributed to them.
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Despite CBN’s directive: Bank ATMs still dispensing old naira notes - Daily TrustDespite a directive by the Central Bank of Nigeria (CBN) to banks to load their Automated Teller Machines (ATMs) with the redesigned naira notes, financial institutions in many states are still giving their customers the old notes, Daily Trust reports.
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Banks to pay N1m fine daily over failure to collect redesigned naira notes, says CBN | TheCableThe 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.
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