CBN threatens to sanction banks hoarding, diverting cash

The Central Bank of Nigeria has warned Deposit Money Banks over cash hoarding and diversion, emphasising that such actions will attract stiff penalties. In a circular dated November 13, 2024, signed by the Acting Director of Currency Operations, Muhammad J. Olayemi, and released by the CBN on Friday, the apex bank announced measures to ensure

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FAAN to shut down power at Lagos airport Saturday

The Federal Airports Authority of Nigeria has said it will, on Saturday, shut down power …

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