National News
CBN Slams Nine Banks N1.35bn Fine
The Central Bank of Nigeria (CBN) on Tuesday imposed penalties on nine Deposit Money Banks to the tune of N1.35 billion for not maintaining sufficient cash availability in their Automated Teller Machines (ATMs) during the holiday season.
Each of the banks received a fine of N150 million after inspections showed they were not adhering to the central bank’s cash distribution regulations.
The banks that have been impacted are Fidelity Bank Plc, First Bank Plc, Keystone Bank Plc, Union Bank Plc, Globus Bank Plc, Providus Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, and Sterling Bank Plc.
The imposed fines will be deducted directly from the banks’ accounts held with the Central Bank of Nigeria (CBN).
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News2 days agoNiger State Government imposes Dusk-to-Dawn Curfew in Minna amid rising insecurity
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News2 days agoNAWOJ, Action Aid Nigeria restate commitment towards effective actualisation of WVL Project
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Metro2 days agoTwo children feared killed as explosion rocks Abakpa community in Kaduna
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Journalism / Human Right1 day ago
NUJ condemns rising killings, demands urgent action from political, security leaders
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FCT News24 hours agoNUJ FCT to honour Moji Danisa as Trailblazer in Tabloid Journalism
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News2 days agoGov Okpebholo vows to crush criminals threatening peace in Edo State
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News1 day agoBenue Judiciary Workers suspend strike after four Months
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Metro2 days agoFour killed as gunmen attack Bayelsa Community