The Central Bank of Nigeria (CBN) has directed banks to place a Post-no-Debit on the bank accounts of 18 companies. A Post-no-Debit means that all debit transactions, including Automated Teller Machines (ATMs) and cheques, on the accounts, have been blocked but can receive inflows. The circular, signed by Director of Banking Supervision, Haruna B. Mustapha […]
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