Browse Tag

Naira scarcity

NO Cash In ATMs: CBN Slams N1.35bn On 9 Banks

Naira Scarcity: ATM Usage Drops To 40% With Surge In Online Banking – KPMG

A report by KPMG titled "In Pursuit of Value" revealed a decline in weekly Automated Teller Machine (ATM) usage, dropping from 70% to 40% due to the scarcity of physical cash in circulation.

January 9, 2024

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Business

CBN Speaks On Current Cash Scarcity In Parts Of Nigeria

CBN has reacted to reports of cash scarcity in some locations, assuring that there is sufficient bank notes for economic activities.

November 2, 2023

Business

Nigerian Banks Earn N135.52 Trillion From CBN’s Naira Policy, E-Payments

The value of electronic payment transactions grew by 298 per cent year-on-year in the first quarter of 2023, thanks to the Naira policy of the Central Bank of Nigeria (CBN), led by Godwin Emefiele. According to the Nigeria Interbank Settlement System (NIBSS),

April 21, 2023

Business·Insights

Bank Investors Earn N248.68 billion Amid Naira Scarcity Caused By CBN’s Policy

The Nigerian banking sector exited the Naira scarcity period unblemished judging by the value of equity investment netted by their shareholders in the first quarter (Q1) of 2023. Prime Business Africa’s analysis of the stock market in the first three months of

April 11, 2023

Business

Failure To Scrap Fuel Subsidy, Cash Shortage Major Fiscal Risk To Nigeria’s Economy – FocusEconomics

The delay in subsidy removal and the scarcity of Naira pose fiscal risk to the Nigerian economy, Spain-based macroeconomic intelligence provider, FocusEconomics, has revealed. In its April 2023 Consensus Forecast report, the firm said the cash shortage will have a negative impact

April 4, 2023

Business·Currency

Cash Crunch Forces Churches To Accept Offerings Via Bank Transfers

Just like the COVID-19 pandemic lockdown which forced churches to change some liturgical procedures to ensure safety of worshippers, the raging cash scarcity has led them to accept offerings during Sunday services through electronic transfer. Unlike before when worshippers would file out

March 31, 2023

Eight Controversial Decisions By Godwin Emefiele As CBN Governor

Business

How Nigerian Farmers Lost N30 billion Due To CBN’s Naira Redesign Policy

Due to the Naira redesign policy of the Central Bank of Nigeria (CBN), Nigerian farmers lost N30 billion as they struggled with the scarcity of cash. This was revealed by the President of the All Farmers Association of Nigeria, Kabir Ibrahim, in

March 30, 2023

NLC Moves Against 40% Electricity Tariff Increase

News

Naira Crisis: NLC Directs Workers To Protest At CBN Offices Nationwide

The Nigeria Labour Congress (NLC) has directed all workers to protest at all the offices of the Central Bank of Nigeria (CBN) nationwide starting next week over the persisting cash crisis in the country. The NLC President, Joe Ajaero, who briefed journalists

March 22, 2023

80% Of Eggs Laid By 76 million Commercial Birds To Waste Over Naira Scarcity

Business

Naira Scarcity: 80% Of Eggs From 76 million Commercial Birds To Waste

Poultry businesses in Nigeria are at risk of losing significant investments over the scarcity of cash that was caused by the Central Bank of Nigeria’s (CBN) Naira redesign policy. Since the deadline to phase out the old N200, N500 and N1,000 notes

March 21, 2023

Moghalu Highlights How Trump’s Presidency Will Affect African Economies

Business·Opinion

Naira Redesign Implemention Failure And Its Consequences

The terrible suffering and economic loss Nigerians and Nigeria have experienced as a result of the faulty implementation of the Central Bank of Nigeria’s Naira redesign policy, the entry of the judiciary into central banking functions, all show clearly how our institutions—

March 16, 2023

1 2 3 4 Next

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Naira scarcity

Naira Scarcity: ATM Usage Drops To 40% With Surge In Online Banking – KPMG

CBN Speaks On Current Cash Scarcity In Parts Of Nigeria

Nigerian Banks Earn N135.52 Trillion From CBN’s Naira Policy, E-Payments

Bank Investors Earn N248.68 billion Amid Naira Scarcity Caused By CBN’s Policy

Failure To Scrap Fuel Subsidy, Cash Shortage Major Fiscal Risk To Nigeria’s Economy – FocusEconomics

Cash Crunch Forces Churches To Accept Offerings Via Bank Transfers

How Nigerian Farmers Lost N30 billion Due To CBN’s Naira Redesign Policy

Naira Crisis: NLC Directs Workers To Protest At CBN Offices Nationwide

Naira Scarcity: 80% Of Eggs From 76 million Commercial Birds To Waste

Naira Redesign Implemention Failure And Its Consequences

Featured Stories

Gino World Jollof Rice Festival, Hilda Baci and the Power of Brand Building

DELTA-2: Govt Agencies Push To Commercialise Nigerian Research, Drive Jobs For $1 Trillion Economy

Market Analysis: Nigeria’s Q2 Growth Numbers In View

Nigeria’s Stock Market Sustains Bullish Run, UBA, Zenith, FBN Lead Gainers

Whatsapp Channel

Latest News

Nigeria’s Power Plants Closed August 2025 With Low Availability, Grid Instability

US Introduces $100,000 Minimum Salary Rule for H-1B Visa Workers, Raising the Bar for Nigerian Professionals

Cameroon President’s Daughter Calls on Voters to Reject Father’s Eighth-Term Bid

NCAA Warns Qatar Airways Over Alleged Mistreatment of Nigerian Passenger, Vows Stiff Sanctions

Market Analysis: Nigeria’s Q2 Growth Numbers In View

Nigeria’s Stock Market Sustains Bullish Run, UBA, Zenith, FBN Lead Gainers

Naira Rises To N1,500/$ At Official Market

Bitcoin Steady Above USD 114,000 as Markets Await CPI Release

Nigeria’s Power Plants Closed August 2025 With Low Availability, Grid Instability

Suggestions

Naira scarcity

Featured Stories

Follow Us

Whatsapp Channel

Latest News