The Central Bank of Nigeria (CBN) has fined nine Deposit Money Banks (DMBs) a total of ₦1.35 billion for failing to provide naira notes through...
The Central Bank of Nigeria (CBN) has imposed a N150 million fine on a commercial bank for failing to dispense cash through its Automated...
Business is booming for naira traders as scarcity persists, fueled by collusion between some bank officials and cash hawkers. Despite threats from the Central...
Despite directives from the Central Bank of Nigeria (CBN) aimed at alleviating the cash scarcity gripping the country, many Nigerians continue to face significant...
As the festive season draws near, residents of Anambra State are expressing frustration over the increasing scarcity of cash at banks. Many customers, who...
With just a week remaining before the Ondo State governorship election, residents are facing a severe cash shortage in commercial banks, with many struggling...
The ongoing cash circulation crisis in Nigeria shows no signs of abating, with the Central Bank of Nigeria (CBN) hinting at forthcoming investigations into the matter....
Bank customers faced heightened frustration yesterday as Naira scarcity persisted, leading more banks to ration cash withdrawals. In response to the crisis, Point of Sale Operators...
The Central Bank of Nigeria (CBN) has refuted reports suggesting a shortage of cash in the country’s banking system, automated teller machines (ATMs), points of sale,...
As the December 31st deadline for the use of the old N200, N500, and N1000 banknotes approaches, a shortage of cash has reemerged in Kano and...