CBN to sanction banks over cash scarcity at ATMs

The Central Bank of Nigeria (CBN) has warned that it will impose fines on erring financial institutions over the ongoing cash scarcity at Automated Teller Machines (ATMs). CBN Governor, Dr. Olayemi Cardoso, made this announcement on Friday during the annual Bankers’ Dinner organized by the Chartered Institute of Bankers of Nigeria. Reports of cash shortages […]

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