CBN to penalise DMBs aiding abetting Naira hawking Archives - Freedom Online ...express yourself Fri, 15 Nov 2024 22:13:38 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.5 https://freedomonline.com.ng/wp-content/uploads/2015/08/cropped-icon-32x32.png CBN to penalise DMBs aiding abetting Naira hawking Archives - Freedom Online 32 32 CBN to penalise DMBs aiding, abetting Naira hawking https://freedomonline.com.ng/cbn-to-penalise-dmbs-aiding-abetting-naira-hawking/ https://freedomonline.com.ng/cbn-to-penalise-dmbs-aiding-abetting-naira-hawking/#respond Fri, 15 Nov 2024 22:13:38 +0000 https://freedomonline.com.ng/?p=243001 The Central Bank of Nigeria (CBN) says it will heavily penalise Deposit Money Banks (DMBs) found supporting the hawking of Naira notes. Mr Solaja Olayemi, Acting Director, Currency Operations Department, CBN, said this in a memo to DMBs on Friday in Abuja. Olayemi said that the CBN would engage in “mystery shopping” exercise and periodic […]

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