Tag
NAIRA SCARCITY
PoS service providers nationwide are increasing fees for cash deposits and withdrawals by more than 50% in certain areas.
Nigerians said they found transporting and feeding more difficult due to the cash squeeze
96% had to lay off staff or reduce working hours to weather the cash shortage. About 41.30% did not have to make such adjustments.
The CBN’s decision to keep pumping out only old naira notes may create another cash crisis for Nigerians after December 31.
Here's how manufacturing SMEs are adapting a month after 'naira scarcity'
Cryptocurrency usage in Nigeria is rapidly increasing due to the naira scarcity and its declining value
Kingsley Moghalu said the cashless policy was introduced by the CBN's Committee of Governors to encourage digital transactions and not to abolish cash transactions
The Nigerian Poultry industry lost more 15 million crates of eggs valued at over N30 billion due to the adverse effects of naira scarcity challenge in the country.
Nigeria’s 3.2% GDP growth projection stands threatened by recent economic and political developments around the country
Nigerians are shifting their banking needs to fintech as bank apps and Unstructured Supplementary Service Data (USSD) remain unreliable amid the current cash scarcity.
Nigerians went to their polling units to cast their votes on February 25 regardless of the naira and fuel scarcity challenges
Some private car owners in Abuja have turned their cars into mini taxis, picking up passengers and charging them up to N300 per trip