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Nigeria Cash Shortage Grips Nigeria: Limited ATMs and Long Queues Spark Concerns
In recent weeks, a perplexing cash shortage has gripped parts of Ikeja, Nigeria, casting a spotlight on the nation's financial landscape. Stretching from Computer Village to Oregun, the scarcity of cash has become evident, with only a few ATMs dispensing cash, imposing withdrawal limits, and...- Nigeria News
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- atm cash scarcity cashless policy central bank of nigeria channels tv hoarding of naira nigeria economy
- Category: Business
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Nigeria CBN Unveils Reasons Behind Naira Scarcity
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...- Nigeria News
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- 1 min read
- atm cbn channels tv news naira scarcity pos
- Category: Business
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Business Banks restrict ATM cash withdrawal overseas – Vanguard Newspaper
Nigerian banks have restricted cash withdrawals from overseas Automated Teller Machines (ATM) only to those whose cards are linked to their domiciliary accounts funded locally. ATM cash withdrawal The banks have therefore suspended such withdrawals and encouraging travellers to open and fund...- curator
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- Forum: Business News Links
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Metro Residents lament poor ATM services during festivities - Punch Ng
Residents of Benin have decried poor services of Automated Teller Machines in the metropolis during festive periods. The respondents spoke in separate interviews with News Agency of Nigeria in Benin on Saturday. They described it as unfortunate that residents were made to go through stress to...- Iroka Chinedu
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- Forum: Metro News Links
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Business CBN Explains Why It Put Restriction On Debit Cards Abroad
The Director, Monetary Policy of the Central Bank of Nigeria, Mr Moses Tule, has been speaking on the recent restrictions on the use of naira debit cards and dollar transactions in the country. At an interactive session with journalists in Abuja, Mr Tule said that naira debit cards can no...- ProfRem
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- Forum: Business News Links
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Metro [Photos] Market Lockdown As People Rush to Buy Xmas Items
Almost all the markets in Lagos State are very busy today and it is a common phenomenon to see people, especially Nigerians, in the market, rushing to the market at the last minute. Evidently, as the the end of the year moves closer, Lagos roads are characterized with traffics, ATM points with...- ProfRem
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- atm market xmas
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- Forum: Metro News Links
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Metro Nigeria Lost N6.2 Bn to Cyber Crimes In 2014
In 2014, Nigeria lost about 6.2 billion to cyber crimes, according to an official. Ibrahim Shazali, an official of the Economic and Financial Crime Commission (EFCC), Bank Section disclosed this at the ongoing Nigerian Deposit Insurance Corporation (NDIC) workshop for financial journalists in...- ProfRem
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- Forum: Metro News Links
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