NEWS
CBN Rings Alarm Bells for Banks and POS Operators: No Room for Cash Stash
The Central Bank of Nigeria has cautioned Banks and POS operators against illegal actions affecting the circulation of naira.
The CBN warned parties involved to immediately desist from such acts or face the law, saying there is over cash availability.
In a statement signed by the Acting Director of Communication and Public Relations, Sidi Ali, on Thursday, the CBN says that there is a collusion between some Deposit Money Banks and Point-Of-Sale operators affecting the availability of cash and disrupting the seamless circulation of the Naira.
“The attention of the Central Bank of Nigeria has been drawn to alleged cases of collusion between some Deposit Money Banks and Point-Of-Sale operators affecting the availability of cash and disrupting the seamless circulation of the Naira”. he noted
CBN has also advised Nigerians to use alternative payment platforms and channel their complaints via a digital platform provided in the statement.
Discover more from Asiwaju Media
Subscribe to get the latest posts sent to your email.
Sanwo-Olu Urges 7,887 Corps Members to Tackle Unemployment with Enterprise
Tinubu Appoints Former Nasarawa Governor Al-Makura As UBEC Governing Board Chairman
Oba Dethrones Six Lagos Chiefs for Attending Labour Party Campaign Flag-Off
Nigerian Lawyer Owolabi Salis Becomes First From Country To Travel To Space
Reps Committee Grills Rivers Sole Administrator Over ₦1.48 Trillion Budget, Issues 48-Hour Ultimatum
Nigerian Man Emmi Wuks Sparks National Debate With Attempt To Cycle From Nigeria To The U.S.
Kwara Youths Burn NDLEA Office, Vandalize Emir’s Palace Over Insecurity
Top 5 Apps That Pay Nigerians for Watching Videos
Kwara Govt Provides Free Transportation, Ease Financial Burden On University Students.
Reno’s Reversal : How A Vocal Critics Became a Tinubu Cheerleader
Zulum Renames Borno State University After Kashim Ibrahim
Fact Check: Did Ebonyi State Rises From 4th to 9th Poorest State in Nigeria?
Wike Celebrates Son’s LLM Graduation at Queen Mary University
Cheap but Deadly: Nigerians Compromise Their Health With Charcoal
-
NEWS4 days agoDavid Beckham Hospitalized With Arm Injury As Victoria Shares Update
-
ENTERTAINMENT3 days agoFrank Edoho Confirms Split From Second Wife Sandra Onyenuchenuya
-
NEWS3 days agoMan Heartbroken As Girlfriend Of 2 Years Denies Him During Interview With YouTuber Asherkine At UNN
-
CAMPUS REPORTS6 days agoAE-FUNAI to Unbundle Mass Comm Programme into Eight New Disciplines – VC
-
SPORTS5 days agoVictor Osimhen Acquires 2025 Rolls-Royce Cullinan Worth Over ₦900 Million
-
ENTERTAINMENT3 days agoNollywood Mourns As Actor And Producer Kayode Peters Reportedly Passes Away In Canada
-
SPORTS4 days agoAbakaliki FC Faces Kwara United Today in Federation Cup Final
-
JOBS/SCHOLARSHIPS4 days agoFG Releases YEIDEP 2025 Payment Schedule, Sparks Hope for Youth in Agribusiness
-
INSIDE NYSC6 days agoNYSC Officer Clarifies Allowance Payments, Warns Corps Members on BVN Errors
-
INSIDE NYSC4 days agoNYSC DG Calls For Unity and National Development During Lagos Camp Visit
-
ENTERTAINMENT6 days agoTems Gifts Fan ₦3 Million For Stunning Crochet Portrait
-
ENTERTAINMENT3 days agoUNN Student Becky Breaks Silence, Denies Claims Of Boyfriend Denial After Viral Outing With Asherkine
