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Category : Search result: cash scarcity
CBN Reforms End Festive Cash Scarcity in Nigeria
The Central Bank of Nigeria's strategic reforms, led by Governor Olayemi Cardoso, have successfully eliminated cash scarcity during the 2025 festive season. Learn how new regulations and digital initiatives are transforming Nigeria's financial landscape.
CBN Reforms End Festive Season Cash Scarcity
The Central Bank of Nigeria's committee, led by Governor Olayemi Cardoso, implemented holistic reforms ensuring seamless cash flow during the 2025 festive season, marking a historic shift from perennial shortages.
CBN Issues New Cash Directive to Banks for 2026
The Central Bank of Nigeria has directed commercial banks to guarantee steady cash flow in ATMs and branches nationwide. This follows a successful festive season with minimal scarcity.
Mozambique President Promises N11.3m Bonus vs Nigeria
Mozambique's President Daniel Chapo has promised each player and coach a 500,000 meticais bonus (≈₦11.3m) to defeat Nigeria in the AFCON 2025 Round of 16. Read the full story.
New Cash Withdrawal Limits & Fees for Nigerian Bank Customers
Nigerian banks like Access, UBA, GTB enforce new CBN cash withdrawal limits from Jan 1, 2026. Weekly limits set at N500k for individuals, N5m for corporates, with fees for excess. Details inside.
End-of-Year Guide: Trash, Donate, or Sell Your Clutter
As 2025 ends, Anna Ajayi guides Nigerians on decluttering. Learn what to throw away guilt-free, donate for a new home, or sell to boost your savings before 2026 arrives.
CBN Announces New Cash Withdrawal, Deposit Rules for 2026
The Central Bank of Nigeria has revised its cash withdrawal and deposit policies, effective January 1, 2026. Learn the 5 major changes, including new limits and fees.
Taraba Speaker's N1,000 Christmas Gift Clarified
The Taraba State House of Assembly and the Zing Watch Group have clarified reports on Speaker John Bonzena's N1,000 Christmas gesture. Get the full details and official statements here.
Stakeholders Urge Overhaul of Health Insurance to Save Lives
Health stakeholders call for urgent reform of Nigeria's dysfunctional health insurance scheme after a free medical outreach in Port Harcourt highlights the deadly cash-and-carry system.
Kwara Bandit Kingpins Arrested in Police Covert Operation
Nigeria Police arrest two key bandits, Abubakar Usman & Shehu Mohammadu, in Kaiama, Kwara. Recover AK-47, ransom cash, motorcycle. IGP commends operatives.
Crypto Entrepreneur Blord Gives 3000 Rice Bags at Christmas
Crypto entrepreneur Blord hosted hundreds at his Anambra mansion, distributing 3,000 bags of rice in a N30m Christmas gesture. See the reactions and controversy.
Fuel Scarcity: Calls for More Dangote Partner Stations
Nigerian motorists face long queues at few MRS stations selling Dangote petrol at N739. They urge the refinery to partner with more outlets for wider access to affordable fuel. Report stations selling above price.
Dangote Opens Hotline to Report Overpriced Petrol at MRS
Dangote Refinery launches a hotline for Nigerians to report MRS stations selling petrol above N739. The move aims to protect consumers and ensure price transparency amid a major market shift.
Dangote: Don't Pay Over N739 for Petrol, Use Hotline
Aliko Dangote directs Nigerians to buy fuel at the new N739/litre price. His refinery launches a hotline to report overcharging stations and warns against artificial scarcity. Read more.
When a Quick Loan Makes Sense in Nigeria
Discover the 5 key situations where a quick loan is a sensible financial tool in Nigeria, from medical emergencies to urgent repairs. Learn to borrow responsibly.
Dangote Refinery Petrol Sales Start at N739/Litre
Dangote Petroleum Refinery begins nationwide petrol sales at N739 per litre via MRS stations. The refinery pledges 50 million litres daily supply to stabilize the market and urges consumers to report overcharging.
Dangote Sells Fuel at N739 via MRS Stations
Dangote Refinery begins nationwide PMS sales at N739 per litre through MRS stations, warns against artificial scarcity, and urges Nigerians to report non-compliance for economic relief.
Zulum's Festive Support: Free Travel, Gifts for 1,050
Borno Governor Babagana Zulum has approved free Christmas transport fares for 750 non-indigenes and cash gifts for 300 widows. This annual initiative promotes unity and eases festive season hardship. Read more about this impactful social intervention.
Naira Suffers Sharpest Fall Amid Deepening Dollar Scarcity
The Nigerian naira recorded its steepest depreciation in weeks, falling to N1,469.90 per dollar despite CBN interventions. Discover the causes and market outlook.
PalmPay's ₦400m Festive Campaign Offers Travel Prizes
PalmPay unveils a ₦400 million festive rewards campaign, offering users cash prizes and all-expense-paid international trips for everyday app transactions. Join the World Travel Carnival from Dec 17 to Jan 8.
Lady displays huge cash saved in box, gives advice
A Nigerian lady's TikTok video showcasing a large sum of money she saved in a container has gone viral, inspiring netizens with her financial discipline. See her story and reactions.
JABU Graduands Receive N29 Million Cash Awards
Joseph Ayo Babalola University awards N29 million to its best graduates. The top female student receives N5 million from First Lady's endowment. Read about the academic excellence celebrated at the convocation.
Chike Rewards Top Spotify Fan with Cash Gift
Nigerian singer Chike surprised a loyal fan with a cash gift after she streamed his music for over 36,000 minutes, making him her top artist on Spotify Wrapped 2025. Read the heartwarming story.
Stakeholders Demand Transparency in FG Cash Transfer Scheme
Beneficiaries and officials in Osun State call for greater awareness and fairness in the Federal Government's social protection cash transfers, highlighting issues of exclusion and lack of transparency.
CBN Sets New Cash Withdrawal Limits Effective 2026
The Central Bank of Nigeria has announced revised cash withdrawal rules, setting new weekly limits for individuals and corporates to start in January 2026. Learn the new limits and fees.
CBN Enforces New Cash Withdrawal Limits & Fees
The Central Bank of Nigeria has announced new weekly cash withdrawal limits of N500,000 for individuals and N5m for corporates, with excess fees starting January 1, 2026. Read the full details.
CBN Removes Cash Deposit Limits, Raises Withdrawal Cap
Nigeria's Central Bank has abolished cash deposit limits and raised weekly withdrawal thresholds to N500k for individuals. New policy takes effect January 2026.
Christmas Cash Demand Hits New Highs in Nigeria
Nigerians are scrambling for physical cash ahead of Christmas, driven by fears of ATM downtimes. The CBN tightens oversight as over N4.4 trillion remains outside banks. Read the full analysis.
Dangote Refinery Vows 1.5bn Litres Petrol Supply in December
Dangote Refinery commits to supplying Nigeria with 1.5 billion litres of petrol in December 2025, promising market saturation and price stability. Read the full details of their letter to regulators.
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