CBN fines 9 banks N1.35bn for not dispensing cash via ATMs

Cardoso flags Middle East war as risk to inflation, rate cut

Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN)

The Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to make naira notes available through automated teller machines (ATMs), during the yuletide season. Each bank was fined N150 million for non-compliance, in line with the CBN’s cash distribution guidelines, f

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Oluwatosin Ogunjuyigbe, Onyinye Nwachukwu and Hope Moses-Ashike

Oluwatosin Ogunjuyigbe is a writer and journalist who covers business, finance, technology, and the changing forces shaping Nigeria’s economy. He focuses on turning complex ideas into clear, compelling stories.