According to the latest data from the Central Bank of Nigeria's (CBN) Money and Credit Statistics, Nigerians withdrew N364.38bn from banks in November 2024 due to the cash scarcity affecting many parts of the country. 

PoS Operators Blame Double Transaction Charges on Cash Scarcity   Point of Sale (PoS) operators in Nigeria have raised transaction fees by over 50 per cent, attributing the increase to severe cash scarcity caused by banks rationing withdrawals. With yuletide and end-of-year holidays fast approaching, Nigerians may...

Naira in Circulations Rises to N3.4trn as CBN Assures of Adequate Cash Supply   The Central Bank of Nigeria (CBN) has again assured members of the public that it is addressing the reported cases of cash scarcity in some major cities across the country. It attributed the...