The Central Bank of Nigeria (CBN) imposes a fine of N150 million per branch on Deposit Money Banks (DMBs) involved in the illegal flow of freshly minted naira notes to currency hawkers and other unauthorized agents. This move aligns with the CBN’s effort to curb the commodification of naira notes and ensure efficient cash distribution … Continue reading CBN Fines Banks N150 Million For Illicit Mint Naira Transactions