ASSBIFI Suspends Strike, Orders Banks To Resume Operation
The leadership of Association of Senior Staff of Banks, Insurance and Financial Institutions has announced that banks should begin operations from Monday, February 20, 2023. The association disclosed this while…
Ganduje Tags Naira Policy ‘COVID-23’
Governor Umar Abdullahi Ganduje of Kano State has tagged the cashless policy of the Central Bank of Nigeria, CBN, as COVID-23. This was as the Kano governor also knocked his…
BREAKING: CBN Authorizes Use of Old Naira Notes
The Central Bank of Nigeria, CBN, has reportedly authorized the use of old naira notes for commercial banks and Nigerians. This authorization was announced by the Anambra State Governor, Chukwuma…
Naira Scarcity Returns After CBN’s Enough Cash Promise
Emerging reports suggested that there has been a return of naira scarcity that rocked the country in late February 2023. It was learnt that the Central Bank of Nigeria (CBN)…
ATMs Withhold Cash, POS Operators Double Charges as Naira Scarcity Bites
Automated Teller Machines (ATM) in various cities across the country have ceased to dispense cash to customers as scarcity of the Naira gradually bites harder. Daily Report Nigeria reports that…
Why Naira Is Scarce – CBN
The Central Bank of Nigeria (CBN) has disclosed why there's an issue of naira scarcity in the nation. CBN attributed it to individuals hoarding the currency. Its Acting Director of…
Naira Scarcity: FG to Sanctions Fuel Marketers Rejecting POS, Transfers
The Federal Government, on Thursday, commenced the deployment of security agencies to filling stations across the country to enforce the use of Point of Sale machines and the acceptance of…
Naira Notes: 2 Feared Dead as Residents Protest in Edo
Benin, the Edo state capital has been shut down by simultaneous protests against the non-availability of new naira notes. The protest follows the rejection of old naira notes by banks,…
VIDEO: ‘No Money, No Voting,’ Women Protest Naira Scarcity in Edo
Angry women in Edo state on Wednesday took to the streets of Benin to protest against the ongoing scarcity of Naira notes in the country. Viral videos monitored by Daily…
BREAKING: Old N500, N1000 Notes No Longer Legal Tender – Buhari
President Muhammadu Buhari has said that the old N500 and N1,000 banknotes are no longer legal tender in the country. The president made this known on Thursday morning during an…