Naira scarcity Archives

SBM Intelligence Report Reveals 84.51% of Nigerians Were Affected by The CBN Naira Redesign Policy

May 17, 2023 | by Ojukwu Emmanuel | 0

A recent report by research firm SBM Intelligence revealed that 84.51% of Nigerians were affected by the Central Bank’s naira redesign policy which led to a cash crunch in the country. The report which was titled “Strapped: Impact of the…

Scarcity of Cash Persists Despite CBN Directives to Nigerian Banks to Pay Out Old Notes to Customers

March 23, 2023 | by Ojukwu Emmanuel | 0

There are reports of the scarcity of cash across the country despite the Central Bank of Nigeria’s (CBN) recent directive to banks to dispense old notes to customers. The apex bank in a bid to ease the cash crunch across…

Why Nigerian Businesses Should Focus on Building Goodwill and Customer Loyalty During Naira Scarcity: A Tale of the Tortoise and the Dog

February 20, 2023 | by Tiamiyu Ismail | 0

In one of Yoruba’s moonlight tales, it was told that a long time ago, there was famine in the animal kingdom and all the animals were confused about what to do to salvage the situation. So they all turned to…