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In a worrying development, the scarcity of Naira notes in Nigeria has persisted and intensified, presenting a significant challenge despite the Central Bank's efforts to ease the cash crunch. According to recent investigations by Financial Vanguard, banks across the country are still grappling...

In response to a surge in complaints about the scarcity of naira notes across various channels, the Central Bank of Nigeria (CBN) has clarified the underlying reasons behind the issue. According to a statement from the CBN's Corporate Communications Department, the apparent currency scarcity...

In the lead-up to Christmas, certain areas of the Federal Capital Territory (FCT), particularly in the AYA region of Abuja, are facing a shortage of Naira. Seven commercial banks in the area have reported difficulties in dispensing cash, with ATMs proving unresponsive for about a week. A DAILY...

Over the weekend, Osogbo, the capital of Osun State, found itself plunged into financial distress as numerous commercial bank ATMs failed to dispense cash, leaving frustrated customers in a bind. A DAILY POST investigation revealed a city-wide struggle, with ATMs standing empty and customers...