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

Emmanuel Ochayi

1 year ago

Naira Strengthens By N63.72 Against Dollar In January As CBN Policies Boost Confidence

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.

Victor Ezejaand

Admin

1 year ago

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

Fakoyejo Olalekan

2 years ago

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

Fakoyejo Olalekan

2 years ago

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

Fakoyejo Olalekan

2 years ago

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

Victor Ezeja

2 years ago

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

Fakoyejo Olalekan

2 years ago

NLC Moves Against 40% Electricity Tariff Increase

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

Peter Okoye, PBA Journalism Mentee

2 years ago

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

Fakoyejo Olalekan

2 years ago

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

Kingsley Moghalu

2 years ago

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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

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