Naira Scarcity

Following the directive of Central bank of Nigeria to commercial banks to load Automated Teller Machines (ATMs) with cash and conduct physical operations in the banking halls through the weekends, the persistence long queues in banks and naira scarcity in Kwara state has reduced as residents can now  withdraw money at the ATMs with ease. […]

Amidst the hardship and crisis that has trailed the central bank’s new naira policy, the President, Major General Muhammadu Buhari (retired.), has appealed for more patience from Nigerians. Buhari who said he is fully aware of the hardship argued that the policy is meant to improve Nigeria’s economy. “I am appealing to you to exercise […]

President Muhammadu Buhari held another meeting with Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, at the State House, Abuja, on Monday. This is Emefiele’s third private meeting with the President since the cash crunch crisis escalated across the country.He didn’t not speak to journalists after the meeting. Daily Trust, however, learnt that […]

As naira scarcity persist in Kwara state and Nigeria at large, commercial banks today close as early as One O clock in the afternoon while some did not open for service. Some of the staff who spoke with Royal FM under a Condition of anonymity explained that banks officials are scared of being attacked as […]

Current track