LAGOS FEBRUARY 8TH (NEWSRANGERS)-As the naira scarcity persists, some banks are shutting their branches over rising customer attacks, according to findings by The PUNCH. This came a day after the Lagos State Police Command issued a warning that some groups were planning to unleash violence in the state due to the naira scarcity. The PUNCH…
LAGOS FEBRUARY 4TH (NEWSRANGERS)-Anger and frustration have become the lots of Nigerians as they now sleep in various Bank Automated Teller Machines (ATM) locations in order to make withdrawal of new notes from the bank ATMs. SaharaReporters gathered that while some bank customers, in Enugu State for example, stayed till 2am until the funds loaded…
LAGOS JANUARY 27TH (NEWSRNAGERS)-There has been an unsubstantiated allegation by a section of the public that the reason behind the clear scarcity of new Naira notes was that politicians who had stockpiled old notes for the 2023 election, are draining new notes from commercial banks using a bait. The bait, according investigations is that politicians…
LAGOS JANUARY 25TH (NEWSRANGERS)-The Central Bank of Nigeria expects at least 2 trillion naira ($4.3 billion) of cash to return to banks by Jan. 31 when the deadline to replace high-value currency notes ends. Residents exchanged as much as 1.5 trillion naira of the old notes as of last week, Governor Godwin Emefiele told reporters…