Currency outside banks hits new high of N4.65 trillion as Nigerians battle cash scarcity
Currency outside banks hit a new high of N4.65 trillion in November 2024, representing 95.4% of the total currency in ...
Tag: Cash scarcity
Currency outside banks hits new all-time high of N3.71 trillion in May 2024
The amount of currency outside the Nigerian banking system has reached a new all-time high of N3.71 trillion in May ...
Cash scarcity: Mobile transactions jumped by 215% in March 2023
Amid cash scarcity, Nigerians transferred a total of N4.1 trillion over mobile in March 2023, making transactions over mobile rise ...
Naira scarcity: Black market traders shut down operations
Black market FX traders have expressed their frustration over the recent cash scarcity crisis across the country
RECAP: Sterling Bank ‘denied’ hoarding cash and Ardova announced plans to delist from the Nigerian Exchange
Last week, the searchlight was on Nigerian banks amid the continued cash scarcity, even as the ICPC accused Sterling Bank ...
Cash scarcity threatens to erode investor confidence in capital markets
The cash scarcity challenge currently plaguing large swaths of the Nigerian economy has not affected the capital markets.
P.O.S operators, traders lament scarcity of cash is slowing down economic activities
There is an increasing slowdown in person-to-person and person-to-business transactions across Nigeria due to the scarcity of cash
