Business

BREAKING: CBN to penalise banks for disbursing cash to naira hawkers

Published

3 months ago

November 15, 2024

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The Central Bank of Nigeria (CBN) has directed banks to prioritise cash disbursement through automated teller machines (ATMs).

In a statement on Friday, Solaja Olayemi, acting director, currency operations department at CBN, also warned that banks disbursing naira notes to persons hawking the Nigerian currency will be penalised.

Related Topics:ATM CBN Naira

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Zaccheus Ukhueleigbe

Ukhueleigbe Zaccheus is a seasoned journalist who has spent over seven years working as a writer, reporter, Public Relations executive and Editor at Topnaija.ng He is graduate of Mass Communication from the Nigerian Institute of Journalism (NIJ), Lagos and Ajayi Crowther University, Oyo.