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
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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
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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
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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
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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
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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
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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
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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
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For Nigerians, these are not the easiest of times. Happy faces are rare, because the mood is indignant. Adults—male and female—have stripped naked inside banking halls, demanding their cash. Fights break out
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Former Statistician-General of the National Bureau of Statistics (NBS), Dr Yemi Kale, expects Nigeria’s nominal Gross Domestic Product (GDP) in first quarter (Q1) of 2023 to drop by as much as N10-15
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