2023 started on a cautionary note as the cash crunch from the preceding year festered into the new year and now the year is ending in a similar mode with the Central Bank of Nigeria insisting that hoarders are behind the current cash scarcity being experienced across the country. What's more, insider abuse by bankers has also been identified as a major factor responsible for cash scarcity. As the yuletide approaches many ATM galleries across the country are empty and cannot dispense cash, leaving Nigerians stranded.
2023: Year of Cash Crunch and Naira Swap
2023: Year of Cash Crunch and Naira Swap
2023: Year of Cash Crunch and Naira Swap
2023 started on a cautionary note as the cash crunch from the preceding year festered into the new year and now the year is ending in a similar mode with the Central Bank of Nigeria insisting that hoarders are behind the current cash scarcity being experienced across the country. What's more, insider abuse by bankers has also been identified as a major factor responsible for cash scarcity. As the yuletide approaches many ATM galleries across the country are empty and cannot dispense cash, leaving Nigerians stranded.