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Nigeria: Cash Scarcity - CBN Releases Hotlines, Emails for Reporting Cash Issues (Full List)
Premium Times, 4 December 2024
To facilitate effective resolution of cash dispensing challenges, the CBN has provided state-specific contact details. Read more »
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Nigeria: CBN Raises Interest Rate to 27.5 Percent
Vanguard, 27 November 2024
·Says cash availability initiative coming m ·External Reserves hit $40.88 b Read more »
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Nigeria: CBN Board Didn't Recommend Naira Redesign to Buhari, Witness Tells Court in Emefiele's Trial
Premium Times, 14 November 2024
Mr Emefiele and Mr Buhari adamantly stuck to the Naira redesign policy despite the chaos, widespread disruption it caused weeks to the 2023 general elections and severe pains it… Read more »
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Nigeria: Amid Liquidity Crunch, Banks Borrowed N18.09tn From CBN in October
This Day, 4 November 2024
Kayode Tokede Read more »
Nigeria Central Bank Announces Measures to Tackle Cash Shortage
The Central Bank of Nigeria (CBN) has called on the public to report challenges they face accessing cash from commercial banks and ATMs in the country. The move comes amid growing complaints from individuals and businesses about restricted access to cash.
In a circular, the Central Bank mandated actors in the banking sector to ensure efficient cash management, while uring the public to name specific banks where they were unable get cash.
Nigeria has been grappling with worsening economic conditions which triggered the nationwide protest in August.
InFocus
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The Central Bank of Nigeria has removed cash deposit limitations on domiciliary accounts, allowing account holders to withdraw up to U.S.$10,000 per day. This move is a ... Read more »
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South Africa's Khosi Twala has been declared the winner of the first edition of Big Brother Titans, a special edition of the reality show that featured 20 housemates from Nigeria ... Read more »
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President Muhammadu Buhari has directed the country's central bank to release old 200 naira banknotes back into circulation, to run concurrently with the new ones until April 10, ... Read more »
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With the 2023 presidential election a week away, the normal excitement about who may win is being overtaken by a fear that the election may not hold due to the ongoing cash swap ... Read more »
