•CBN Governor Yemi Cardoso The Trade Union Congress of Nigeria, TUC, today, told President Bola Tinubu to call the Central Bank of Nigeria, CBN, to order over the scarcity of Nigeria in the country. The TUC said that the unfortunate development has continued to subject Nigerians to needless excruciating hardship by insensitive and heartless ag...
The Central Bank of Nigeria (CBN) has threatened to sanction banks and Point of Sales (POS) operators found to be complicit in the current Naira scarcity crisis. The apex bank, in a statement yesterday, urged members of the public to report infractions, especially hoarding of Naira by Banks and POS operators, in their areas to […]
The Nigeria Labour Congress (NLC) yesterday asked the federal government and the Central Bank of Nigeria (CBN) to find immediate solutions to the current scarcity of naira being experienced by Nigerians. The NLC said the CBN and federal government’s disregard for warnings meant they were deliberately inciting Nigerians against the system and c...
•Market About a week to Christmas Day, shoppers have condemned the worsening naira scarcity, with many of them expressing frustration over their inability to make vital purchases for the Yuletide celebration. Findings by this paper yesterday revealed that banks were still rationing cash over-the-counter, while several Automated Teller Machines...
Scarcity of cash witnessed by some states last week has also hit Makurdi, the capital of Benue state. Investigation revealed that most of the Money Deposit Banks, MDBs, Automated Teller Machines, ATMs, failed to dispense cash over the weekend, reports The Nation. Many customers were seen milling around ATMs at GT Bank along Otukpo Road, [&hell...
There is a scarcity of money in the commercial banks in Imo State, leading to commercial banks starting to make low cash payments to their customers. This situation has continued to cause concerns for bank customers as they are unable to withdraw the actual amounts they intended to collect from the bank, reports Sunday Tribune. […]
Nigerians have continued to experience scarcity of Liquefied Natural Gas or cooking gas, shooting up prices across the country. The scarcity and the high cost of the product have been reported in Lagos, Kano, Maiduguri, among others, reports Daily Trust. Gas dealers have, however, assured that the scarcity is temporary as it was triggered by [...
•Cooking gas depot Scarcity of Liquefied Petroleum Gas also known as cooking gas has hit Lagos and some other states in the country. The other affected states, according to findings by our correspondents are: Katsina, Sokoto, Delta, Kaduna and Kano. The rise in price of the commodity has been noticed since late last month, causing […]
The Central Bank of Nigeria, CBN, yesterday, assured Nigerians of sufficient stock of currency notes for economic activities in the country. It was earlier reported that as the December 31 deadline for the use of the old N200, N500 and N1000 banknotes approaches, scarcity of cash has hit Kano and Borno states as well as […]
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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