CBN Gives Simple Solution as Cash Dries Up in ATMs, Sends Message to UBA, GTB, Others [Video]

• Negligent financial firms could face penalties from the Central Bank of Nigeria over cash shortage at ATM machine
• The CBN governor claims that it will continue to maintain a robust cash offering to meet the needs of the country
• Additionally, he explained that customers can use phone numbers and email addresses to get in touch with the CBN directly

Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

The Central Bank of Nigeria (CBN) is set to penalize negligent financial firms for the ongoing cash shortage at Automated Teller Machines (ATMs).

CBN Governor Dr. Olayemi Cardoso made this known on Friday at the annual Bankers’ Dinner hosted by the Chartered Institute of Bankers of Nigeria.

The declaration was made in response to reports of …