BREAKING: CBN To Penalise Banks For Disbursing Cash To Naira Hawkers Instead Of ATMs

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.

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