Report Reveals Private Sector Rebounded After March Cash Crunch There were signs of recovery in the Nigerian private sector in April as the cash crisis eased, according to a report by Stanbic IBTC Bank of Nigeria. The report on its Purchasing Managers’ Index titled ‘Nigerian private...

Cash Crunch: Banks Dispense Cash Over Counter, Load ATMs   The Central Bank of Nigeria has released more old notes to Deposit Money Banks as the apex bank steps up efforts to flood the economy with more cash after a prolonged cash crunch that has made...

Cash Crunch: Emefiele Apologises For Failed Electronic Transactions   Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has apologised to Nigerians for the rise in failed electronic banking transactions. The CBN boss spoke at the end of the two-day monetary policy committee meeting in Abuja...

Abuja Traders Lament Biting Fuel Scarcity, Cash Crunch   Traders and buyers in the Federal Capital Territory (FCT) have expressed displeasure over the unending cash crunch and fuel scarcity in the city. The traders who spoke to our ECONOMY ON THE STREET ANCHOR, Rahma Oladosu, said the...

Cash Crunch: Governors Give Emefiele, Malami Tuesday Ultimatum To Obey Supreme Court   State governments, which sued the Federal Government on the naira redesign policy, have given the Central Bank of Nigeria Governor, Godwin Emefiele and the Attorney-General of the Federation and Minister of Justice, Abubakar...

Ramadan: Chief Imam Urges CBN to Release More New Notes The Chief Imam of Nurul Yaqeen Jumma’at Mosque Life Camp, Abuja, Sheikh Yahya Al-Yolawi, on Friday called on the Central Bank of Nigeria (CBN) to release more redesigned naira notes as the months of Ramadan...