Naira Scarcity: Bank Customers Borrowed N947bn According to a document by the Monetary Policy Committee of the Central Bank of Nigeria, Money Banks offered 130,854 new credits valued at N947.46bn to their customers in December 2022. A member of the MPC, Adeola Adenikinju, disclosed this in...

Naira Scarcity: Customers Fight Over N5,000 The continued scarcity of the naira has increased the hardship of many bank customers who are now forced to join long queues to withdraw N5,000 over-the-counter. This has increased the frustration of many people waiting to collect cash and has...

Naira Scarcity: Nigerians Bank On Supreme Court As Hearing Resumes Today   As the Supreme Court today (Wednesday) resumes hearing on the old naira note deadline suit between some state governments and the Federal Government, Nigerians, especially consumer and business groups as well as professional and...

Fighting Erupts in Lagos Due to Naira Scarcity Fighting erupted in some areas on the popular Lagos-Ikorodu expressway in Lagos State over the scarcity of the new naira notes and the hardship the policy has thrown Nigerians. On Friday morning, it was gathered that suspected louts...

Naira Scarcity: Traders, Food Vendors Others Accept Transfers Some food vendors, traders and hawkers in Lagos State have resolved to accept bank transfers from their various customers not to miss out on some sales. The traders in separate interview on Friday, said that they had no...

Fuel, Naira Scarcity: TUC Threatens to Sue FG The Trade Union Congress on Thursday threatened to take “constitutional and legal ways” against the Federal Government over the lingering scarcity of new naira notes and fuel. Speaking during a press conference in Abuja, the National President of...