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CBN hits banks with N1.31bn fine for flouting directive on crypto accounts

The Central Bank of Nigeria (CBN) has penalised six banks for N1.314 billion over alleged non-compliance with a regulation on cryptocurrency accounts. The banks include Stanbic IBTC, First City Monument

Manufacturers to banks: Don’t hoard forex… comply with CBN’s directive

The Manufacturers Association of Nigeria (MAN) has asked commercial banks to comply strictly with the Central Bank of Nigeria (CBN) directive on the sale of foreign exchange to eligible customers.

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