Nigeria’s currency in circulation is lowest in 15 years
Its naira redesign policy has led to frustrations as businesses and households struggle to access their cash at banks to make daily transactions.
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Emefiele panics, mandates banks to dispense old naira notes
The CBN Governor, Godwin Emefiele, might have relied on Buhari’s body language to create one of the worse cash crisis in Nigeria’s recent history. But a statement by the presidential spokesman, Garba Shehu, on Monday, might have jolted him, according to a market analyst, Ike Ibeabuchi, who spoke with Dataphyte at night.
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Nigerians groan as poor implementation mars CBN cashless policy (2)
…the plight of Persons With Disabilities
Cash crunch likely to influence vote-buying during 2023 elections
With the current cash shortages amid an election, what is the fate of the election, given the history of vote-buying in previous elections?
Cash-strapped Nigerians besiege POS locations despite over 20% charges
Cash-strapped Nigerians are thronging point-of-sale shops despite over 20 percent charged on every withdrawal
Naira redesign: N200 constitutes 9.2% of seven-year currency in circulation
In the seven years reviewed, the lowest number of N200 notes was recorded in 2015 when 401.63 million pieces were put into circulation. This year, N1000 and N500 have had the highest volumes in circulation, with 1.011 billion and 1.322 billion pieces, respectively.