In recent years, there have been numerous developments surrounding payment systems and consequently, the rise of cashless payments has come to play. A lot of questions have been asked about a “Cashl...
What is Cash CrunchA cash Crunch is synonymous with a lack of cash or an absence of liquidity.It is when individuals or organizations don't have enough cash at hand to meet their financial obligations...
As Nigeria experiences a scarcity of Naira currency notes, many Nigerians are turning to mobile banking services as an alternative means of accessing and managing their finances. While the convenience...
As the problem of scarcity of the Naira persists, point-of-sale (PoS) operators continue to charge exorbitant fees on cash transactions, prompting the intervention of the Central Bank of Nigeria, the ...
As cash shortages increase, researchers have predicted that the national economy would suffer long-term implications if nothing is done to solve the issue quickly. It was made known that the shortage ...
The current naira scarcity that Nigerians face is becoming unbearable as people now look for ways to sustain their mental health, but more importantly survive in these trying times.As Nigerians draw t...
Nigerians have been suffering from one adversity after another since the pandemic broke out in 2020: from lockdown and its economic consequences to the EndSARS protest to a full-fledged recession �...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has revealed that the inability of marketers to obtain foreign exchange (FX) at the Central Bank of Nigeria rate is part...
The globe is likely to encounter an international scarcity of diesel as a result of the continuous embargoes on Russia, which is deduced to dominate impoverished countries from Nigeria to Sri Lanka ...
Nigeria used an amount of N4.56 trillion on the importation of fuel in 2021 over 128% bigger than the N2 trillion disbursed on fuel importation in 2020. This is by foreign exchange data newly c...