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The Central Bank of Nigeria (CBN) has imposed fines of N150 million each on nine Deposit Money Banks (DMBs) for failing to dispense cash via Automated Teller Machines (ATMs) during the festive season.

Uju Ogubunka, on Wednesday. CBN sanctioned nine deposit money banks with fines totalling N1.35bn for failing to ensure cash availability via automated teller machines during the festive season.

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The Central Bank of Nigeria, CBN, has issued fines to at least nine Deposit Money Banks for failing to ensure cash availability via automated teller machines, ATMs, during the festive season.