A Trusted Nigerian Newspaper
Nigerians are bracing for a challenging Christmas season as a worsening cash shortage grips the nation, leaving families, small businesses, and communities struggling to meet basic needs.
Small and medium-sized enterprises , already reeling from the economic downturn, report drastic sales drops as consumers cut back on spending. Banks have resorted to rationing, capping withdrawals at N10,000 per transaction, further aggravating the crisis.However, critics argue that the apex bank must tackle the syndicates diverting cash to PoS operators to restore public confidence in the financial system.
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.
Yuletide: NAFDAC warns Nigerians against fake drinksThe National Agency for Food and Drugs Administration and Control, NAFDAC, has warned Nigerians against the consumption of fake and adulterated drinks, especially during the Yuletide. The Director General of the agency, Prof Mojisola Adeyeye gave the warning when she appeared at the News Agency of Nigeria, NAN Forum in Abuja.
Read more »
Yuletide: Nigerians jittery over incessant kidnappings on highwaysAs the year 2024 gradually draws to an end and Nigerians embark on end of year holiday plans, there are concerns about incessant kidnappings on the highways across the country. The situation is worsened by the astronomical increase in the price of flight tickets, making that option a no-go-area for the average Nigerian.
Read more »
Yuletide: Desist from hoarding, sharp practices – NMDPRA warns petroleum marketersThe Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has warned petroleum marketers in Osun State against hoarding and all forms of sharp practices before, during and after the Yuletide. The agency also warned residents in the state against panic buying, and storing petroleum products at home.
Read more »
Yuletide: Bode George asks Tinubu to reduce petrol pump price to N300 per litreBode George, a chieftain of the Peoples Democratic Party (PDP), has urged President Bola Tinubu to reduce the price of petrol to N300 per litre during the yuletide season.
Read more »
Yuletide: Criminals will not have breathing space in FCT — WikeThe Minister of the Federal Capital Territory, FCT, Nyesom Wike, announced on Tuesday that plans are underway to intensify efforts to combat criminal activities in Abuja. Wike made the statement while inaugurating the construction of a 15-kilometre road from the Abuja-Lokoja Expressway (A2) to Pai in the Kwali Area Council of the FCT.
Read more »
Abia State Police Command Holds Strategic Meeting to Enhance Yuletide SecurityCommissioner of Police Danladi Isa convened a strategic meeting with key officers to ensure security during the Yuletide season, emphasizing proactive measures and strict adherence to professional conduct.
Read more »