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The Central Bank of Nigeria (CBN) has warned financial institutions of severe penalties if they fail to address the ongoing cash scarcity at Automated Teller Machines...
Reports emerging on Monday revealed that residents of Kano State, Nigeria’s centre of commerce, are witnessing naira scarcity. It was gathered that even Point of Sale...
The Central Bank of Nigeria (CBN) has implemented a nationwide survey to determine the extent of Naira scarcity throughout the federation. Naija News reports that the...
The Central Bank of Nigeria (CBN) on Thursday morning, asked Nigerians to provide feedback on the situation of Naira scarcity in their various locations. The request...
Point-of-sale operators nationwide have implemented a 100% increase in their service charges, a direct response to the prevailing Naira scarcity. The newly elected secretary of the...
The Central Bank of Nigeria (CBN) has issued a fresh directive to banks regarding charges earlier imposed on cash deposits by the former Central Bank of...
The Central Bank of Nigeria (CBN) has explained the reason behind the fresh naira scarcity and cash crunch being experienced in some states of the country....
Despite moves by the Central Bank of Nigeria (CBN) to formally extend the validity of the old naira notes, reports of scarcity have emerged across the...
The Bola Ahmed Tinubu-led Federal Government has asked the Supreme Court to grant an extension of time for old naira notes to remain in circulation. Naija...
Scarcity of Naira has been observed in at least two states, including Kano and Borno, ahead of the deadline for the use of the old N200,...
In 2022, the Central Bank of Nigeria (CBN) declared that the old N1000, N500, and N200 notes would cease to be legal tenders by 31st January...
The United Nations (UN) has disclosed shortage of naira in recent times crippled the Nigerian economy and made Nigerians poorer. The UN disclosed this in its...
Following the scarcity of new Naira notes that left owners of businesses grounded across the country for weeks due to limited funds in the running of...
Former deputy Governor of Abia State, Enyinnaya Abaribe, has acknowledged that the Central Bank of Nigeria’s (CBN’s) naira policy which caused a cash crunch across the...
With the December 31st deadline issued by the Supreme Court over the legal status of the old naira notes drawing nearer, many Nigerians are lamenting the...
The Nigeria Labour Congress (NLC) has warned that its ultimatum to the Central Bank of Nigeria (CBN) to provide sufficient cash within two weeks or risk...
Despite efforts by the Central Bank of Nigeria (CBN) to pump more money into society to curtail the naira scarcity, financial experts have urged Nigerians to...
The suspended National Publicity Secretary of the pan-Yoruba socio-political organisation, Afenifere, Jare Ajayi, has accused the organisation of unfairly sanctioning him. On Tuesday, Naija News reported...
As the controversy associated with the new naira notes rages on, Naija News brings you the latest update on the controversial policy of the Central Bank...
The leadership of the Nigeria Labour Congress (NLC) will meet today (Tuesday) to decide on the proposed strike over the scarcity of naira notes. Naija News...