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Tag "currency notes"

‘N400 for every bad N100’ — CBN imposes penalty on banks for mutilated notes

    ‘N400 for every bad N100’ — CBN imposes penalty on banks for mutilated notes

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMB) to stop including mutilated notes as part of their deposits with the apex bank. Ahmed Umar, director, currency

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