A Trusted Nigerian Newspaper
Days after the Central Bank of Nigeria issued an ultimatum mandating banks to ensure cash availability at Automated Teller Machines and banking halls, many Nigerians still struggle to access cash.
Customers with debit cards from other banks could only withdraw up to ₦10,000, while those using the bank's cards were allowed a maximum of ₦20,000. Governor Cardoso had vowed that the apex bank would conduct spot checks at Deposit Money Banks and penalize underperforming institutions. Despite these measures, bank customers continue to express frustration. At various ATM locations, many machines were either non-functional or dispensing limited cash.
The scarcity has shifted the burden to PoS operators, who now source cash from unconventional places like markets, fuel stations, and abattoirs.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nzepro.com: Your trusted Real Estate partner in NigeriaNzepro.com is an all-encompassing real estate site dedicated to providing reliable and insightful content for individuals looking to explore, invest, and secure their future in the Nigerian real estate market. With a focus on both home buyers and the Nigerian diaspora, Nzepro.
Read more »
Nigeria's CBN Assures Banks of Steady Cash SupplyThe Central Bank of Nigeria (CBN) has assured banks of a steady cash supply to address nationwide shortages. CBN Governor Cardoso stated that multifaceted measures are being implemented to ensure all deposit money banks receive necessary cash supplies.
Read more »
Nigeria's Central Bank Aims to Tackle Cash Shortages Across CountryThe Governor of Nigeria's Central Bank, Olayemi Cardoso, has promised a steady cash supply to address shortages, emphasizing the need for multifaceted measures and regular dialogue to ensure citizens do not suffer.
Read more »
Right of Reply: When will the judges who cheated on their age be made to account, By Johnson AgwuPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
A thousand naira for freedom on Nigeria’s Third Mainland bridge, By Babafemi A. BadejoPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
Caribbeans, Latin-Americans discuss colonialism and a future under re-elected Trump, By Owei LakemfaPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »