Naira Scarcity

2023 in review: How elections, subsidy removal, Port Harcourt refinery rehabilitation, others defined the year

The year 2023 in Nigeria was a mixed bag of challenges and prospects. The year was largely characterized by political tensions, national elections,...

Naira scarcity heightens in FCT as banks implement withdrawal limits

Several parts of the Federal Capital Territory (FCT) have been hit by paucity of the Naira as Christmas approaches. The cash crunch which...

Cash scarcity persists in FCT suburbs amid increased old Naira notes supply

As cash flow improves in the Federal Capital Territory (FCT) on Monday following a fresh directive by the Central Bank of Nigeria (CBN)...

Naira scarcity: Reps demand overhaul of internet banking platforms

Nigeria’s Central Bank has been directed by the House of Representatives to order commercial banks to overhaul their existing online/electronic banking platforms for...