By Olumide David The widespread rejection of the old N500 and N1,000 notes has worsened by banks’ refusal to accept deposits of the notes without registration on the Cash Return Portal (CRP) of the Central Bank of Nigeria (CBN). With…
Church tithes and offerings have continued to diminish following the scarcity of new notes and the inability to transfer money from banks due to network problem. Some churches in Kaduna have seen tithes and offering figures drop as members lament…
As the reality of Nigeria’s economic challenges continues to tell on its citizens, the Institute of Chartered Accountants of Nigeria, ICAN, has said the cash crunch crisis exposed the weakness in the country’s alternative financial payment system. ICAN disclosed this…
Residents of Ondo State were on Wednesday stunned when banks in the state shut their doors against customers who had thronged the branch to make transactions. While monitoring the situation in the state, Newsmen gathered that the branches of Zenith…
