How Naira Scarcity Frustrated Nigerians' Efforts to Stock Food Ahead of Elections   By Abbas Badmus Some Nigerians have told the story of how the ongoing cash crunch frustrated their efforts to buy and keep enough food stuff at home ahead of the general elections. Due to the...

Cash Crunch: Nigeria’s inflation Rises to 21.82%  The National Bureau of Statistics (NBS), Consumer Price Index (CPI) report has showed that Inflation rose to 21.82 per cent in January compared to 21.34 per cent in December The statistics office said the headline inflation rate rose to...

CBN bans Agents using Merchants PoS Terminals for Transactions  By Kabir Abdulsalam The Central Bank of Nigeria (CBN) has barred agents from using Point of Sale (PoS) terminals meant for merchants to carry out cash-in and cash-out transactions. The apex bank disclosed this in a circular while...

Cash Crunch: Nigerians Lament Loss of Lives, Properties  By Nafisat Bello Residents of the Federal Capital Territory (FCT) have cried out on the too many tragic consequences of the ongoing cash crunch caused by the naira redesign policy of the federal government. The residents said the loss...

Cash Crunch: Nigerians Lament Exorbitant PoS Charges, Poor Network  By Idris Umar Feta As the ongoing cash crunch continues to bite harder, Nigerians have condemned the poor network that makes online banking difficult and the exorbitant charges they have to pay to get cash from Point...

FCT Residents Decry Scarcity of New Naira Notes By Kabir Abdulsalam Some residents of the Federal Capital Territory (FCT) have expressed frustration and dissatisfaction over the introduction of new naira notes that are not yet in adequate circulation. ECONOMIC CONFIDENTIAL reports that the Central Bank of Nigeria...