Naira scarcity

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… Read More

4 months ago

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… Read More

6 months ago

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… Read More

1 year ago

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… Read More

1 year ago

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… Read More

1 year ago

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… Read More

1 year ago

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… Read More

1 year ago

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… Read More

1 year ago

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… Read More

1 year ago

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… Read More

1 year ago

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