Tag: CBN

CBN backtracks, orders banks to collect “old” N1,000 and N500 notes

By Abimbola Mohammed The Central Bank of Nigeria (CBN) has ordered banks to start...

Banknote scarcity pushes e-payment to N39.58tn with 40% increase in POS

By Felicia Nwosu The recent revelation by the Nigeria Inter-Bank Settlement System...

Naira redesign policy skyrockets inflation to 21.82% – NBS

By Felicia Nwosu The National Bureau of Statistics (NBS) has revealed that Nigeria’s...

Infrastructural deficits threaten FG cashless policy

By Oghale Mafuru Following the cashless policy of the Federal Government which...

Chaos looms as road transport workers reject old Naira notes, threaten strike action

By Zion Rufus As fuel stations and banks begin to reject old naira notes amidst...

Brands patronage shrinks as Nigerians reject old naira notes

By Oghale Mafuru Brands particularly those in the Fast-Moving Consumer Goods,...

How cash scarcity is crushing Nigerian consumers

By Abimbola Mohammed Against the backdrop of the Central Bank of Nigeria’s (CBN)...

Scarcity of cash affects purchasing power

By Abimbola Mohammed The average Nigerian has had his purchasing power reduced...

POS charges skyrocket as cash crunch bites

By Abimbola Mohammed The Central Bank of Nigeria (CBN)’s monetary policy to...

Banks, customers decry unavailability of new naira notes

By Zion Rufus As Nigerians express anxiety over the Central Bank of Nigeria's...