Naira scarcity
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Desist from hoarding cash or face sanctions, CBN warns DMBs, POS operators
The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) and Point of Sale (PoS) operators to stop…
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Naira scarcity: Ngige moves to avert NLC’s nationwide strike, meets labour, CBN
Cross Udo, Abuja The Minister of Labour and Employment, Senator Chris Ngige, yesterday moved swiftly to avert the impending nationwide…
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Cash scarcity: Labour to shut down CBN offices next week
Cross Udo and Usman Peter, Abuja The Nigeria Labour Congress (NLC) yesterday said it would shut down the Central Bank…
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Naira scarcity: FG urged to save SMEs
The Federal Government, Central Bank of Nigeria (CBN), and others, have been urged to take urgent steps to save the…
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Naira scarcity to persist as CBN mops N2.3tn from circulation
As Nigerians battle with Naira scarcity, the Central Bank of Nigeria (CBN) continues to mop up currency in circulation, leaving…
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NLC gives FG 7-Day ultimatum to end Naira scarcity or risk industrial action
By Usman Peter The Nigeria Labour Congress, NLC has give the Federal Government seven working days beginning from Tuesday, March…
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Despite S’ Court’s order, Nigerians still can’t access naira notes
Nigerians are yet to access the new and old Naira notes days after the Supreme Court order reverting the Central…
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Naira scarcity: Traders reduce prices of goods for cash payment
Some traders in the FCT markets are reducing the prices of goods for customers paying with cash to enable them…
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Naira scarcity: Commercial sex workers decry low patronage
Some commercial sex workers in the Federal Capital Territory (FCT), have decried low patronage in their business due to the…
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Naira scarcity: Nigeria’s GDP may lose $18m monthly, Rewane warns
Chief Executive Officer, Financial Derivatives Company, Bismarck Rewane, projects that Nigeria will suffer a total gross domestic product (GDP) loss…
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