Tag: Naira Scarcity

The scarcity of cash in circulation has made the weekly usage of Automated Teller Machines to drop from 70 per cent to 40 per cent, according to a report by ...

Point of Sale (PoS) service providers across Nigeria are implementing over 50% fee hikes for cash deposits and withdrawals, attributing the surge to a growing scarcity of the Naira in ...

The Central Bank of Nigeria, on Friday, said its attention had been drawn to the circulation of counterfeit banknotes. The banking regulator noted that the counterfeit notes were common with ...

Despite recent assurances by the Central Bank of Nigeria that there is enough naira in circulation, reports of scarcity have emerged across the country. A survey by The PUNCH, on ...

The persistent cash crunch occasioned by the Central Bank of Nigeria’s policy on the naira redesign and cash withdrawal limit has abruptly stopped economic and service delivery in the real ...

The February Purchasing Managers’ Index data released by Stanbic IBTC Bank indicated that the shortage of cash across the country in the month of February might have a negative influence ...

The Nigeria Police Force has warned against attacks on banks while noting that attackers will be treated as armed robbers. This warning came on the heels of attacks on bank ...

The Manufacturers Association of Nigeria has said that the current scarcity of naira notes has negatively impacted business activities by disrupting the proper flow of goods. The president of the ...

Over 50 per cent of Point of Sale operators have closed their shops as scarcity of new and old naira notes bites harder, it has been learnt. The National Chief ...

Nigerians have continued to lament the inability to obtain new naira notes. Citizens of the country, including civilians, public figures, and elites, have struggled in recent weeks to spend funds ...