Tag Archives: notes

Mutilated Banknotes: CBN threatens to impose penalty on banks

The apex bank, the  Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) against the practice of circulating composed banknotes which is part of their deposits with the apex bank. The apex bank has expressed concerns over the increasing number of these composed banknotes which the members of the public usually request for their replacement. Composed banknotes are ...

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