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The Central Bank of Nigeria (CBN) has threatened to penalise banks disbursing cash to naira hawkers

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The Central Bank of Nigeria (CBN) has threatened to penalise banks disbursing cash to naira hawkers.. it has a directed banks to prioritise cash disbursement through automated teller machines

CBN gave the directive in a circular to banks on Friday titled ‘Mystery shopping & spot checks on cash disbursement activities of deposit money banks .

The circular was signed by Solaja Olayemi, acting director, currency operations department at CBN.
 
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