Ahmed Umar

CBN To Banks: Load Redesigned Naira Notes In Your ATMs Or Face Penalties

Jan 10, 2023. by Philip Ibitoye

The CBN has threatened to sanction the banks refusing to load the new naira notes in their ATMs. Eko Hot Blog reports that the Central Bank of Nigeria (CBN) says commercial banks that fail to comply with the directive of loading the redesigned naira notes in their automated teller machines (ATMs) will face penalties. EDITOR’S … Read more

JUST IN: CBN Imposes N400 Penalty For Every Bad N100 Notes

Apr 3, 2022. by Otunba T.J Abass

CBN Imposes N400 Penalty For Every Bad N100 Notes. Director, currency operations department of CBN, Ahmed Umar said that the existence of mutilated banknotes in the economy falsified the true value of the currency in circulation. EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMB) to stop … Read more