- The CBN has expressed its intention to punish banks that voilates its clean naira policy by selling to currency hawkers
- The apex ban wants all banks to priorities cash disbursement through ATMs and implement internal controls
- The CBN added that it will monitor and penalise banks linked to currency hawkers when caught
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Central Bank of Nigeria (CBN) has instructed Deposit Money Banks (DMBs), including Access Bank, United Bank for Africa (UBA), and Zenith Bank, to ensure cash availability through Automated Teller Machines (ATMs).
