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CBN Releases Guidelines For Bank Neutral Cash Hubs

The Central Bank of Nigeria (CBN) has released guidelines for the operation of the Bank Neutral Cash Hubs (BNCH) in furtherance of its regulatory efforts to ease huge cash management, deepen financial inclusion and promote a sound financial system in the country. In a statement on its website, the apex bank disclosed that the release […]

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Banks To Pay N1Mn Fine For Clean Note Policy Infraction

The Central Bank of Nigeria (CBN) on Tuesday indicated its plan to release a new Clean Currency Policy and Banknote Fitness Guidelines and plans as part of its efforts to mop up all the mutilated naira notes in circulation nationwide. The apex bank’s Director, Currency Operations, Priscilla Eleje, while giving the hint on the planned  […]