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Tag: Kofo Salam-Alada

CBN to Sanction Banks Dispensing Old Notes 

CBN to Sanction Banks Dispensing Old Notes  The Central Bank of Nigeria has announced plans to take tough action against banks that continue to fill their ATM machines with old naira notes as the deadline to  phase out  the notes approaches. The Director of the Legal...

CBN To NASS: Review All Financial Penalties Upwards

CBN To NASS: Review All Financial Penalties Upwards   The Central Bank of Nigeria on Wednesday asked the National Assembly to review all financial penalties and fines upwards in order to align with current realities. It said this at the public hearing on the Bill for an...