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The Central Bank of Nigeria (CBN) has slammed the N150 million penalty on banks found guilty of selling new naira banknotes to customers as cash scarcity worsens.

A recent report has shown that Nigerian banks lost about N42.33 billion in fraud-related cases in the first six months of this year, with fraud in branches topping.

Commercial banks in Nigeria have reduced withdrawal limits further from N10,000 per transaction earlier in the week to N5,000 and N2,000 as cash scarcity worsens.

Access Bank Holdings through its banking subsidiary Access Bank Plc is on the verge of buying another bank in South Africa as part of its expansion plans.

Commercial banks across Nigeria have imposed new cash withdrawal limits for over-the-counter transactions and ATMs as PoS operators hike charges again.

Access Holding Plc has announced that its UK subsidiary, Access Bank UK Limited, has opened a wholly-owned subsidiary in Malta as part of its expansion strategies.

The Nigerian companies paying the highest amount of tax to the federal government's purse have been revealed amid the ongoing debate on tax reforms.

Access Bank has apologised to its customers for experiencing service disruption and has provided alternatives while it works to fix the network issues.

The Central Bank of Nigeria revealed that Nigerian banks, including Access, UBA, Zenith and others, have made changes to their savings account interest rate.
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