Tag: DMB
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CBN Slams N150 Million Fine on Banks Aiding Naira Currency Hawkers
The Central Bank of Nigeria (CBN) has escalated its battle against currency mismanagement, imposing a hefty N150 million fine on Deposit Money Banks (DMBs) found complicit in facilitating the illicit flow of mint Naira banknotes to currency hawkers and unscrupulous economic agents. In a strongly worded circular dated December 13, 2024, the CBN’s acting director…