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Tag "cash scarcity"

Report: 37% of Nigerian businesses cut jobs or reduced working hours due to cash scarcity

    Report: 37% of Nigerian businesses cut jobs or reduced working hours due to cash scarcity

About 36.96 percent of Nigerian businesses had to lay off staff or reduce working hours to weather the cash shortage caused by the naira redesign policy, according to a new

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Cash withdrawals: Banks comply with CBN’s directive to operate on weekends

    Cash withdrawals: Banks comply with CBN’s directive to operate on weekends

In compliance with the Central Bank of Nigeria’s (CBN) latest directive, commercial banks have announced that their various branches will be open on weekends for customers to deposit and withdraw

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Let old naira notes remain legal tender till year end, Falana-led group tells FG

    Let old naira notes remain legal tender till year end, Falana-led group tells FG

The Alliance for Surviving COVID-19 and Beyond (ASCAB), a coalition of 70 labour and civil society organisations (CSOs), has proffered solutions to end the scarcity of cash in the country. 

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Atiku to Nigerians: Naira scarcity conceived, birthed and nurtured by APC

    Atiku to Nigerians: Naira scarcity conceived, birthed and nurtured by APC

Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has sympathised with Nigerians who lost their loved ones in the violent protests over naira scarcity. In a statement issued

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Police take over Ondo CBN office as residents protest banks’ rejection of old naira notes

  Police take over Ondo CBN office as residents protest banks’ rejection of old naira notes

Police operatives, on Tuesday, took over the premises of the Central Bank of Nigeria (CBN) office located in the Alagbaka

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TRENDING VIDEO: ‘I need to buy drugs’ — elderly man weeps inside bank over cash scarcity

  TRENDING VIDEO: ‘I need to buy drugs’ — elderly man weeps inside bank over cash scarcity

A video of an elderly man weeping inside a banking hall has surfaced on social media platforms. Speaking in Yoruba,

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Naira scarcity: Buhari promised ‘major decision’ in 7 days — but still silent 10 days later

  Naira scarcity: Buhari promised ‘major decision’ in 7 days — but still silent 10 days later

It is 10 days today and President Muhammadu Buhari is still silent on how he intends to address the ongoing

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Abiodun approves free food for Ogun residents to ‘cushion effects of petrol, naira scarcity’

  Abiodun approves free food for Ogun residents to ‘cushion effects of petrol, naira scarcity’

Dapo Abiodun, the governor of Ogun, says food items will be distributed to “vulnerable residents” in the state as part

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Naira scarcity: I’m on a budget — I’ve been spending N20k for a week, says Femi Adesina

  Naira scarcity: I’m on a budget — I’ve been spending N20k for a week, says Femi Adesina

Femi Adesina, the presidential spokesperson, says he is also affected by the cash scarcity in the country. In a Facebook

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PHOTOS: Dapo Abiodun visits resident shot during protest in Ogun

  PHOTOS: Dapo Abiodun visits resident shot during protest in Ogun

Dapo Abiodun, governor of Ogun, has visited the resident who was shot by the police during a protest in the

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