CENTRAL BANK OF NIGERIA WARNS BANKS AGAINST CONTINUED REJECTION OF OLD SERIES AND LOWER DENOMINATIONS OF THE UNITED STATES DOLLAR.
The Central Bank of Nigeria has warned against the continued rejection of old series and lower denominations of the United States dollars by its regulated entities in Nigeria. The apex bank threatened to sanction lenders that rejected the currencies. This was contained in a circular dated June 27, signed by the acting director of the currency operations department, Solaja Olayemi. The circular directed at Deposit Money Banks, Bureau De Change […]