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Naira scarcity - Page 2

Thoughts On Our National Trauma

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 routinely on queues before ATMs that dispense only miserly amounts.

March 15, 2023

Nigeria's GDP Growth Hit 2.51% In Second Quarter 2023 - NBS Reports

Business·News·Top Stories

Q1 GDP May Drop By N15 Trillion On Cash Crunch – Yemi Kale

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 trillion due to the naira policy and difficulty sourcing cash

March 14, 2023

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

CBN To Reveal Banks’ Disbursement Details Of New Naira Notes

The Central Bank of Nigeria (CBN) has responded to the request made by an activist lawyer, Femi Falana (SAN), to provide details of the disbursement of the new N200, N500 and N1,000 notes. Falana had written to the central bank, in a

March 2, 2023

Muda Yusuf Advises CBN, Other Authorities To Create Policies That Encourage Domestic Investments In Nigeria

Business·Currency

The Trouble With CBN’s Conflicting Orders On Naira Policy – CPPE

The Centre for the Promotion of Private Enterprise (CPPE) has called on the Central Bank of Nigeria (CBN) to ensure that the naira redesign policy is adjusted to accommodate the interest of millions of informal sector players, rural dwellers, the over 30

February 21, 2023

Railway Revenue Drops By N1.31 billion Within Three Months

Business

Naira Scarcity: Railway Managers Demand Cash, Reject Electronic Payment

The management of the Nigerian Railway Corporation (NRC) has stated that its operational policy is against digital transactions, as passengers face Naira scarcity. It was gathered that the railway corporation is turning down passengers who prefer to use electronic channels to pay

February 21, 2023

Politics

Naira Scarcity : Protesters Set Banks Ablaze In Ogun

Naira scarcity protesters have set two banks ablaze in Sagamu, Ogun State. Residents watched as Keystone and Union bank buildings were set ablaze by the protesters who were also protesting the petrol scarcity in the state. The buildings were believed to be empty

February 21, 2023

Keke Drivers Lament Low Patronage Over Naira Scarcity

Business·News

Naira Scarcity Hits Hard On Lagos Keke Drivers- ‘We No Fit Collect Money Transfer’

Tricycle operators in parts of Lagos have lamented low patronage as result of the lingering scarcity of naira notes. Large number of tricycles, popularly known as keke, were seen empty in Oshodi, Isolo and Ikeja areas of Lagos as their drivers sat

February 20, 2023

2023 Elections·Opinion

A Perfect Mess And New Possibilities – UTOMI

The mess is perfect. We have no fuel to move around, no money to exchange value to get the necessities of living, no electricity to power our dreams, no network to even use technology to deal with a cashless economy and little

February 20, 2023

News

Naira Scarcity: PSN Urges Govt Hospitals To Prioritise Patients’ Survival First

The Pharmaceutical Society of Nigeria (PSN) has urged the management of government hospitals to prioritise the stability of patients while acceptable payment systems are sorted out later to prevent unnecessary loss of lives, especially those in emergency conditions. PSN president, Professor Cyril

February 20, 2023

El-Rufai Leaves APC For Social Democratic Party

Politics

‘Buhari Approved Naira Redesign, CBN Did Recolouring’- El-Rufai

Kaduna State Governor, Nasir El-Rufai, has remodeled his opposition to Nigeria’s currency policy to focus more pointedly on the Central Bank of Nigeria Governor, Godwin Emefile, and less on President Muhammadu Buhari; This came after he directly countered Buhari’s national address on

February 20, 2023

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Naira scarcity - Page 2

Thoughts On Our National Trauma

Q1 GDP May Drop By N15 Trillion On Cash Crunch – Yemi Kale

CBN To Reveal Banks’ Disbursement Details Of New Naira Notes

The Trouble With CBN’s Conflicting Orders On Naira Policy – CPPE

Naira Scarcity: Railway Managers Demand Cash, Reject Electronic Payment

Naira Scarcity : Protesters Set Banks Ablaze In Ogun

Naira Scarcity Hits Hard On Lagos Keke Drivers- ‘We No Fit Collect Money Transfer’

A Perfect Mess And New Possibilities – UTOMI

Naira Scarcity: PSN Urges Govt Hospitals To Prioritise Patients’ Survival First

‘Buhari Approved Naira Redesign, CBN Did Recolouring’- El-Rufai

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