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…