July 20, 2024

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Nigerian Central Bank Warns Financial Institutions Against Rejecting Old or Lower Denomination US Dollars

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Nigerian Central Bank Warns Financial Institutions Against Rejecting Old or Lower Denomination US Dollars
Nigerian Central Bank Warns Financial Institutions Against Rejecting Old or Lower Denomination US DollarsThe Central Bank of Nigeria warned local financial institutions against rejecting older or lower-denomination U.S. dollar banknotes. The apex bank said it will take strong action against financial institutions that refuse to accept mutilated or overcirculated local currency banknotes. Older U.S. Dollar Banknotes Still Legal Tender The Central Bank of Nigeria (CBN) has informed registered […]