Tag: Naira Scarcity: CBN Vows Sanctions Against Cash Hoarding By Banks

    By Miracle Ogunde As Nigerians continue to experience cash scarcity due to inability to withdraw from banks, the Central Bank of Nigeria, CBN has issued string warnings to commercial banks and Point-of-Sale, POS operators over cash hoarding. The CBN warned Deposit Money Banks (DMBs) and Point-of-Sale (PoS) operators to desist from acts capable…