Nigerians have continued to experience scarcity of the naira notes since the January 31 deadline issued by the Central Bank of Nigeria, CBN, on the swap of the currency. The CBN had earlier set a January 31 deadline for the use of the old naira notes. It was later extended […]
Tag: Naira scarcity
Naira scarcity: Prioritise students in palliatives, we are suffering – NANs to Gov Abiodun
National Association of Nigerian Students, NANS, has commended Governor Dapo Abiodun of Ogun State for releasing palliatives to ameliorate the plight of the people in the state suffering due to naira scarcity. The body, however, noted that students are the most affected by the naira scarcity occasioned by the currency […]
Real reason there is naira scarcity – CBN
The Central Bank of Nigeria, CBN, has attributed the scarcity of the new naira to the hoarding of the notes by Nigerians. CBN’s Director of Consumer Protection, Mrs Rashidat Mongunu, said this on Thursday while monitoring microfinance banks in Offa, Offa Local Government Area of Kwara. The monitoring team, as […]
How naira scarcity affects supply of fuel – IPMAN
The Secretary of the Independent Petroleum Marketers Association of Nigeria, IPMAN Abuja-Suleja, Mohammed Shuaibu, has disclosed that the National currency crisis affected its members. Shuaibu on Wednesday spoke on the recurring decimal of fuel scarcity in most parts of the country. He explained that petrol marketers are worse hit by […]
Naira scarcity protest: Abiodun sues for peace, meets traditional rulers
Following the protests that rocked Abeokuta, the Ogun State capital, over the cash crunch, on Tuesday, the state governor, Dapo Abiodun, has called on the protesters to stop their protests and allow the outcome of his engagement with the Bankers Forum and the Central Bank to yield fruits. Gov. Abiodun, […]