Traders at Central Market in Kaduna, have lamented the scarcity of the old and redesigned Naira notes, attributing it to the cause of low patronage in recent time. Speaking to news correspondent at the market on Wednesday, the traders said…
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs) in Zamfara, to release the new naira notes to Point of Sale (POS) operators or face sanction. The CBN Controller in the state, Alhaji Buhari Abbas gave the…
The Nigeria Security and Civil Defence Corps in Zamfara State has arrested a POS operator, simply identified as Mustapha, for allegedly hired by bandits for financial transactions. The Zamfara NSCDC Commandant, Muhammad Muazu, said Mustapha was arrested in Birnin Tsaba…
A 22-year-old Point of Sale ( POS) operator, Kelvin Samuel, was on Thursday docked in a Grade I Area Court, Kubwa, Abuja, for alleged theft. The police charged the defendant with criminal breach of trust, theft and escape from lawful…
Findings have shown that most bank ATMs across the country are still dispensing old N1,000 and N500 notes, just four weeks before the deadline set by the apex bank. The old N1,000, N500, and N200 notes are set to be…
Human Rights Writers Association of Nigeria (HURIWA), on Wednesday, criticised the Central Bank of Nigeria over its weekly cash withdrawal limits, saying the measure cannot help the worsening depreciation of the naira. HURIWA’s National Coordinator, Emmanuel Onwubiko, in a statement,…
The value of transactions over Point of Sales (PoS) terminals in Nigeria jumped to N735.6 billion in September 2022. This came as the highest monthly record of transactions on the platform as more Nigerians go cashless. According to data released…
