bofia 2020 penalties
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Nigeria CBN Slaps ₦150M Fine on Banks Over Mint Naira Misuse
The CBN has imposed a ₦150 million fine per branch on banks involved in the illegal circulation of mint naira notes. This enforcement measure, coupled with monitoring and stricter penalties, aims to curb currency hawking and strengthen efficient cash distribution in Nigeria. The Central Bank of...- Nigeria News
- Article
- 1 min read
- bofia 2020 penalties cbn fine on banks illicit naira hawking mint naira transactions
- Category: Business
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