Tag: cash crunch

E-bills payment falls by 44% over cash crunch – NIBSS

by Ikenna Ngere

March 21, 2023

The value of electronic utility payments fell by 44.86 per cent in February despite the Central Bank of Nigeria’s naira redesign policy aimed at growing cashless transactions. In February, the ...

Current Impact Of The New Naira Note Design On Nigeria’s Economy

Private sector contracted in February amid cash crunch

by Ikenna Ngere

March 12, 2023

The private sector business condition in Nigeria has plummeted amidst the naira scarcity, a monthly report by Stanbic IBTC has shown. In the report, Stanbic IBTC Bank Nigeria stated that ...