atm cash scarcity
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Nigeria ATM Cash Shortages: CBN Slaps ₦150m Fines on Nine Banks
The Central Bank of Nigeria (CBN) imposed ₦150 million fines on nine banks for failing to ensure ATM cash availability during the 2024 festive season. The penalties follow CBN’s commitment to economic stability, cash flow compliance, and enforcement against violations, ensuring Nigerians’...- Nigeria News
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- 2 min read
- atm cash scarcity cbn fines banks ₦150m penalty
- Category: Business
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Nigeria CBN to Penalize Banks for ATM Cash Scarcity, Cardoso Warns
The Central Bank of Nigeria (CBN) has warned banks to prioritize cash disbursement through ATMs, threatening severe penalties for non-compliance. Governor Olayemi Cardoso emphasized that banks engaged in sabotage or malpractices will face strict penalties. The CBN also highlighted reforms to...- Nigeria News
- Article
- 2 min read
- atm cash scarcity cbn olayemi cardoso
- Category: Business
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