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A few days into the festive period, there are clear signals that Nigerians may experience a bleak yuletide as the country's inflation soared to 28.20 per
Nigerian banks' Standing Deposit Facility has declined by 18 per cent to N2.4 trillion in November from N2.94 trillion in October amid cash scarcity.
The Central Bank of Nigeria, on Monday, suspended the processing fees of two per cent and three per cent previously charged on all cash deposits above N500,000 for individuals, and N3m for corporates with immediate effect.
Few days into the Christmas and New Year celebrations, Nigerians are again faced with the scarcity of Naira notes. The development is coming despite the
Despite recent assurances by the Central Bank of Nigeria that there is enough naira in circulation, reports of scarcity have emerged across the country.