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Naira Scarcity

Due to a shortage of naira, Zenith Bank suspends branch operations

March 4, 2024 by XanderTech

Due to alleged attacks on its staff and network, Zenith Bank has closed some of its branches in the Federal Capital Territory (FCT) and some states. On Tuesday, a NAN correspondent observed some of the bank’s branches in the FCT, its environs, and other states, and discovered that they were locked. Both the gate and … Read more

Categories News Tags Naira Scarcity, Zenith Bank Leave a comment

Due to a lack of naira, 50% of POS operators shut down stores

March 3, 2024 by XanderTech

It has been reported that more than half of Point of Sale operators have shut down their businesses as the shortage of new and old naira notes gets worse. This was made public on Monday by Hussein Olanrewaju, the national chief aggregating officer of the Association of Mobile Money and Bank Agents in Nigeria. He … Read more

Categories News Tags Naira Scarcity, Operators, POS Leave a comment

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